A Soaring Utilities ETF Against Backdrop of Possible Interest Rate Rises
February 24, 2017 at 10:38 AM EST
Heading into 2017, there was some concern about the ability of the utilities sector and the related exchange traded funds to deliver for investors against the backdrop of multiple interest rate increases by the Federal Reserve. Give the First Trust Utilities AlphaDEX Fund (NYSEArca: FXU), a smart beta spin on utilities, some credit. FXU is…