More Concerns for Utilities ETFs as Fed Rate Hike Looms
October 24, 2016 at 10:38 AM EDT
The Utilities Select Sector SPDR (NYSEArca: XLU) is up more than 13% year-to-date, but looks can be deceiving. XLU is off nearly 6% over the past month as investors have grown increasingly concern about the sector’s lofty valuations and the chances of a rate hike by the Federal Reserve in...