Don’t Overlook Utilities

Utilities are the proverbial red-headed stepchild of stock market sectors. During bull markets, so the thinking goes, utilities tend to underperform more aggressive sectors like technology or industrials. But during a good market rout, utilities take a beating along with the rest. How unloved are utilities?

As I wrote in a recent article, they were by far the most shunned sector by the large money managers interviewed by Barron’s (see chart). Fully 30% of the “Big Money” managers picked utilities as the worst performer of 2012, and barely 3% thought it would be the best. (On the flip side, more than 30% of the managers chose financials and technology to be the best performing sectors, and technology had not a single manager who voted it worst).

Source: Guru Focus

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