'Bond-Esque' Utilities ETFs Are Looking More and More Appeal

'Bond-Esque' Utilities ETFs Are Looking More and More Appealing


February 23, 2021
The utilities sector was a 2020 laggard, but the group looks attractive today with exchange traded funds such as the
PUI tracks the DWA Utilities Technical Leaders Index. That index “is designed to identify companies that are showing relative strength (momentum), and is composed of at least 30 securities from the NASDAQ US Benchmark Index. Relative strength is the measurement of a security’s performance in a given universe over time as compared to the performance of all other securities in that universe,” according to Invesco.
While 2020 was a rough year for the normally stable sector, the group appears poised for better things in 2021.

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