2024-02-08 08:15:00 ET
Summary
- XLU has pulled back sharply in recent weeks.
- Despite the weak recent performance in the sector, billionaire investors and leading asset managers are pouring hundreds of billions of dollars into the sector.
- We take a look at the megatrends and macroeconomic factors that most impact utilities and share what this means for XLU moving forward.
After a strong rally from the beginning of October into mid-December last year, the Utilities Select Sector SPDR ETF ( XLU ) has pulled back sharply:
Read the full article on Seeking Alpha
For further details see:
Billionaire Investors Are Buying Utilities Hand-Over-Fist: XLU Implications