Weakness in Defensive Utilities Drags on Low-Volatility ETFs
June 06, 2013 at 07:07 AM EDT
Cautious investors have been piling into low-volatility exchange traded funds to hedge against potential bumps down the road. However, low-volatility options with a heavy tilt toward defensive utilities have experienced outflows recently. The PowerShares S&P 500 Low Volatility Portfolio...