A 7% decline in the Utility SPDR (XLU) in November puts the ETF in the red for the year (even...

|By:, SA News Editor

A 7% decline in the Utility SPDR (XLU) in November puts the ETF in the red for the year (even after the dividend). Worries over a hike in the dividend tax rate are surely a factor (fade those, say some), but the sector is also likely to feel the "regulatory wrath" for outages following Sandy, writes Alan Brochstein.