Seeking Alpha

Focus Morningstar Utilities Index ETF (FUI)

FUI is defunct since August 17, 2012. Closed due to lack of investor interest
  • Aug. 20, 2012, 4:24 PM
    While 80% of S&P 500 stocks are above their 50-day moving average, all of the defensive sectors - Telecom, Consumer staples, Health care, Utilities - have readings below that. The most defensive of them all - Utilities - shows just 39% of the sector above the 50-day, a sharp change from just 2 weeks ago, when 90% were above. "The dynamic has clearly changed," writes Bespoke, with cyclical sectors now leading the charge.
    | Aug. 20, 2012, 4:24 PM | 7 Comments
  • Aug. 17, 2012, 8:59 AM
    Another graphic look (via ukarlewitz) at the recent rally which is notable for its rotation into roughed up sectors like Energy, Materials, Industrials, and Discretionary, and out of popular defensive plays like Utilities, Health Care, and Staples. Have the hedge funds been caught wrong-footed again?
    | Aug. 17, 2012, 8:59 AM | 2 Comments
  • Aug. 7, 2012, 11:28 AM
    A graphic look at the rotation into neglected sectors - Energy (XLE), Discretionary (XLY), Cyclical (FCL), and Retail (XRT) are all moving higher the past few sessions, while the popular mREITs (represented by NLY), Utilities (XLU), Pharmaceuticals (IHE), and Staples (XLP) all sell off.
    | Aug. 7, 2012, 11:28 AM | 4 Comments
  • Jul. 25, 2012, 10:25 AM
    Investors starved for income should be wary of overpaying for yield, particularly when it comes to utilities, Russ Koesterich of iShares warns. Utilities trade at a discount of ~25% on average to the S&P 500, but they're now trading at a premium of more than 8%. But National Grid (NGG) might be one utility stock that’s been beaten up enough to get long, Greg Harmon suggests.
    | Jul. 25, 2012, 10:25 AM | 1 Comment
  • Jul. 18, 2012, 3:23 PM
    The sector ETFs most above their 200-day moving average are all defensive plays, notes Reuters' John Kozey. Health Care (XLV) is 8% above, Consumer Staples (XLP) 7% above, and Utilities (XLU) 6% above. YTD performance vs. SPY, which is right at its 200-day moving average.
    | Jul. 18, 2012, 3:23 PM | Comment!
  • Jul. 17, 2012, 3:31 PM
    A 4.1% dividend rate on a regulated utility selling at a 15 PE may look attractive, writes Martin Sosnoff, but payout ratios are nearly 70% of slow-growing earnings. Instead take a look at healthcare, yielding a similar amount but with lower payout ratios. His favorites are BMY, MRK, PFE, and UNH. Of note, the XLV hit an all-time high today.
    | Jul. 17, 2012, 3:31 PM | 2 Comments
  • Jun. 5, 2012, 11:34 AM
    Utilities continue to be "crisis-proof," the XLU rising 0.6% in May as SPY fell 6%. The sector similarly outperformed during panics in 2010 and 2011 and has more than doubled the return of the S&P since inception in late 1998. Domestically-generated revenues, falling input costs and interest rates, and best of all, the defensive nature of the sector continue to make it look attractive.
    | Jun. 5, 2012, 11:34 AM | 1 Comment
  • Feb. 21, 2012, 5:34 AM
    Last year utilities gained 15%, beating every other S&P 500 sector. Though it's the worst performer YTD, the WSJ explains why it's worth sticking with the sector.
    | Feb. 21, 2012, 5:34 AM | Comment!
FUI Description
The FocusTM Morningstar Utilities Index ETF (the "Fund") seeks to provide investment results that correspond, before fees and expenses, generally to the price and yield performance of the Morningstar® UtilitiesSM Index (the "Underlying Index"). The Underlying Index is a subset of the Morningstar® US MarketSM Index and consists of electric, gas, and water utilities.
See more details on sponsor's website
Sector: Utilities
Country: United States
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