Global Funds: Utilities Safe-Haven?

Utilities allocations among Global funds have broken out to all-time highs.  Although still small when compared to the major sectors of Tech and Financials, Utilities stocks have seen allocations rise from 2.2% in early 2018 to 2.76% today. The below chart highlights the key stocks behind the move, with ownership in Nextra Energy, Enel SPA, Exelon Corporation and Iberdrola SA becoming more widespread among global managers.

Steven Holden