This report was initially posted to members of Yield Hunting on September 25. All data is current as of that date.
Three Utility CEFs: DNP, UTF And UTG
There’s been a surge of interest in Utility, or more accurately, Utility/Infrastructure closed-end funds (CEFs), on Seeking Alpha recently. I suppose that’s only to be expected with the unsettled state of the stock markets of late. Utilities and infrastructure are rightly seen as safer havens in turbulent times.
The market-beating performance of the utility sector is readily seen in the one-year total-return chart of Utilities Select Sector