April 19, 2021
With substantial attention being paid to growth and value stocks this year, defensive sectors such as utilities are flying under the radar. However, the sleepy sector offers some opportunity through the Biden Administration’s infrastructure plan.
That could be a catalyst for 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.