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home / news releases / UTES - XLU: Not As Defensive As Many Believe


UTES - XLU: Not As Defensive As Many Believe

(Source - Pexels)

I have a keen interest in ETFs where narratives on behalf of the investment community are nearly unanimous. The Utility sector has perhaps one of the most widely believed of these heuristics: "Utilities are stable, recession-proof, and will always pay high dividends." Funny enough, this is also what many believed about real estate for quite some time.

After digging through the financial positioning of the companies in the SPDR ETF (XLU), I have some doubts about how the sector will perform in the next recession. Quite frankly, I would

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Stock Information

Company Name: ETFIS Series Trust I Reaves Utilities
Stock Symbol: UTES
Market: NYSE

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