The Utilities Select Sector SPDR ETF had a 12-month yield of 3.43% as of this morning.To have a good single digit compound rate of return is a very nice thing to have in a portfolio,said David Kotok,founder,chairman and CIO of Cumberland Asset Management.Cumberland has the etf in its managed portfolios.The fund is insulated from central bank moves and other overseas problems,consisting of mostly domestic electric utilities,with some natural gas,Mr.Kotok,who has a BS in Economics from the University of Pennsylvania's Wharton School of Business,pointed out.*
Morningstar Associates gives the Utilities Select etf five stars out of five.It is a strong,appealing option for investors who want broad exposure to defensive,high-yielding US utilities companies,Morningstar says.It also gives the etf a sustainability rating of three for average.This rating judges how well the companies in etf portfolios are managing the environmental,social and governance issues relevant to their industries.
The top five holdings of the Utilities Select etf are:
1.NextEra Energy Inc;
2.Duke Energy Corp;
3.Southern Co;
4.Dominion Resources Inc;
5.Exelon Corp. *
Utilities Select Sector SPDR ETF (XLU)
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