One popular asset class among retirees and other income-focused investors is utilities. This makes a lot of sense as utilities tend to be very stable entities that operate in monopoly or near-monopoly conditions and have a captive customer base that generally does not fail to purchase its products. After all, how often will someone want to risk having their electricity or heat switched off due to failure to pay bills? However, it can be somewhat difficult to pick and choose between the various utilities or build a diversified position in them unless you have access