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. . . A little stingy with the "likes'? Yeah, me too. . . . Wonky (adj.): askew, awry, unsteady, off-kilter. Like gadgets or stock markets. Techwonk (me): someone who likes wonky stuff. . . . ..................and a fan of . .
  • Top Ranked Utilities Funds 1 comment
    Mar 22, 2013 6:53 PM

    Zacks ranks these utilities funds #1 in a March 14, 2013 news release.

    Fidelity FSUTX, Henessey GASFX, American Century BULIX, Gabelli GABUX, Vanguard VUIAX.

    Zacks rating as of October 29, 2012 on utility ETFs gives #1 to Vanguard VPU and iShares IDU.

    State Street has a utility ETF based on the S&P 500 utility sector index. This 'SPDR' is XLU.

    Watch the portfolios. Some utility funds hold telecoms also, which can alter the returns and volatility. The company offering the fund will have a list of portfolio holdings in their disclosure to investors.

    The advantages of ETFs are that they trade in the market. Investors can set a stop loss trigger and be out of the position if the market declines. Investors can also position size at their discretion.

    The advantages of a mutual fund are the ability to dollar cost average, use direct deposit, and avoid brokerage fees. Disadvantage is that position size is set by the fund. Fidelity requires a minimum $2500 to open and maintain. The Vanguard Admiral series requires $100,000 to open. Minimums for IRAs and direct deposit recurring contributions are often less, so be aware there is more than one way to open an account.

    A mutual fund long position with an ETF "long put" option is one way to hedge potential declines in the fund. Investors should be sure they understand options thoroughly before using this strategy.

    Zacks is a reputable firm, as are all of the firms offering these products. However this does not guarantee they are right for you. Please consult your professional investment advisor to determine your own needs before acting on any investment news.

    Links to articles are in the Comment following the article.

    Let me know if you have trouble accessing these links.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Utilities
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  • techwonk
    , contributor
    Comments (285) | Send Message
    Author’s reply » Links to articles:


    Mutual funds -
    ETFs -
    Let me know if you have trouble accessing these links.
    22 Mar 2013, 07:02 PM Reply Like
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