Defensive, Yield-Generating Utilities ETFs Jump on Fed Rate Cut Bets
March 02, 2020 at 16:17 PM EST
Utilities sector and related ETFs surged Monday as investors looked to this defensive yield-generating segment on growing bets that the Federal Reserve will continue to cut interest rates. The Utilities Select Sector SPDR (NYSEArca: XLU) was among the best performing non-leveraged ETFs of Monday,...