FYI: Utilities SPDR (ETF) XLU, +0.72% and rival utilities exchange-traded funds are surging. XLU, the largest utilities ETF by assets, is higher by 6.6 percent and resides about half a percent below its 52-week high. The rival Vanguard Utilities ETF VPU, +0.69% is higher by 6.2 percent and is just 0.2 percent off its 52-week high. Utilities ETFs By virtue of its bond-like characteristics but hearty yield, XLU is a favorite among defensive-minded, yield-starved income investors. Unfortunately, persistently high valuations are a concern for the utilities sector, potentially making the sector even more unattractive as investors price in multiple interest rate hikes from the Federal Reserve this ye
Regards,
Ted
http://www.marketwatch.com/story/traders-turn-the-lights-down-on-utilities-etfs-2017-03-02-10465946/print
