Utilities ETFs Turn Negative for Year on Dividend Tax Worries
November 12, 2012 at 12:57 PM EST
Utilities Select Sector SPDR (NYSEArca: XLU) has tumbled 7% so far in November and is dramatically underperforming the S&P 500 as investors pull away from dividend sectors following President Barack Obama’s election victory. XLU has also been lagging the market the past few months as investors...