Utilities Flows

Utilities Flows Utility funds continue to attract strong inflows, making them a popular choice for investors seeking stable and predictable returns. Image: BofA Global Investment Strategy

Utilities Dividend Yield Less 10-Year U.S. Treasury Yield

Utilities Dividend Yield Less 10-Year U.S. Treasury Yield Goldman Sachs upgraded utilities to outperform, as the utilities dividend yield is relatively high compared to the 10-year U.S. Treasury yield. Image: Goldman Sachs Global Investment Research

Valuation: Utilities vs. Tech vs. S&P 500

Valuation: Utilities vs. Tech vs. S&P 500 Nice chart showing the valuation of utilities vs. Tech and the S&P 500. Currently, utilities are valued at 19.9x forward EPS, tech at 18.7x, and the S&P 500 at 16.4x Image: Fidelity Investments

Median Stock Short Interest as Share of Market Capitalization

Median Stock Short Interest as Share of Market Capitalization While the S&P 500’s median short interest is currently low by historical standards, Consumer Staples, Utilities, and Health Care sectors are notable exceptions, showing elevated short interest compared to their 30-year historical averages. Image: Goldman Sachs Global Investment Research

GWIM 4-Week ETF Flows as % of AUM

GWIM 4-Week ETF Flows as % of AUM BofA’s private clients have been buying municipals, dividend, utilities ETFs, and selling energy, EM debt, low-vol ETFs over the past four weeks. Image: BofA Global Investment Strategy

FMS Investor Positioning

FMS Investor Positioning Global FMS investors have overweighted their exposure to utilities, bonds and telecoms compared to historical levels, while reducing their exposure to cash, energy, materials and tech. Image: BofA Global Fund Manager Survey