FYI: (The Linkster also loves this sector, I have a position in FRUSX that was up 0.82% yesterday.)
No it is not consumer discretionary or technology — both frequent stomping grounds for hedge funds. It is not the healthcare sector, another hedge fund favorite, either. Data indicate that in the first quarter, hedge funds, an investment vehicle often viewed as exotic, even sexy, were drawn to boring ol' utilities stocks.
Regards,
Ted
http://www.marketwatch.com/story/hedge-funds-love-this-boring-sector-2016-05-19-1146141/print
