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FYI: ( I sold the remainder of my position in FBTCX and bought more FRUSX on Friday.) Fallout from the Brexit vote helped power the Dow Jones Utilities Average to a record high Monday, as a tumble in longer-term Treasury yields helped attract yield-starved investors to the sector. Regards, Ted http://www.marketwatch.com/story/brexit-helps-power-dow-utilities-to-record-high-2016-06-27/print
Utilities and REITs have served as excellent and much appreciated ballast, but the past few days have only increased valuations in areas already bubbling YTD.
This cannot continue....I would think, absent a downstream consolidation.
@PRESSmUP: There is no question that most utilities are at the very high end of valuation, but in this continued low interest rate enviornment this interest sensitive sector should do well for the remainder of the year.
25% Cash,17% Utilities,20% Long G'Bonds propel Bruce Fund, BRUFX, just short of all time high and a 5.76% Y T D gain.Today's close $ 525.13 +1.71 +0.33%
Comments
This cannot continue....I would think, absent a downstream consolidation.
All time high 526.55 on 06 /09/16
http://www.thebrucefund.com/files/documents/Bruce33116FormNQ.pdf
https://secure.ultimusfundsolutions.com/PAWeb/FundInformation/FundPrices.aspx
http://portfolios.morningstar.com/fund/summary?t=BRUFX®ion=usa&culture=en_US