Utilities ETFs Hold Up as Investors Play Defense
June 28, 2011 at 08:25 AM EDT
Exchange traded funds that invest in utilities stocks have endured the market’s recent turbulence relatively well as investors have shown a preference for more defensive sectors. Utilities Select Sector SPDR Fund (NYSEArca: XLU) is up 6.4% year to date, compared with a 2.7% gain for the S&P...