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Riding The Blue Wave: Utilities For 2021 And Beyond With UTES' John Bartlett

Riding The Blue Wave: Utilities For 2021 And Beyond With UTES' John Bartlett

FromLet's Talk ETFs


Riding The Blue Wave: Utilities For 2021 And Beyond With UTES' John Bartlett

FromLet's Talk ETFs

ratings:
Length:
56 minutes
Released:
Feb 18, 2021
Format:
Podcast episode

Description

Despite the S&P 500 being up an impressive 18% in 2020, the utilities sector did not take part in the rally finishing the year flat. Reaves' John Bartlett has spent nearly 30 years closely tracking Utilities names through every type of investing environment. Bartlett currently co-manages the firm's flagship Reaves Utility Income Fund (UTG), as closed-end fund with nearly $1.7B in AUM. He also co-manages Reaves' first exchange-traded fund, the Virtus Reaves Utilities ETF (UTES). With a blue wave sweeping the U.S., Bartlett believes utilities are well positioned to benefit from a likely rise in corporate tax rates and a broader societal move to clean energy.Show Notes2:00 - John's background: When did you become interested in utilities?5:00 - An overview of the utilities sector: Gas, Electricity and Water7:45 - UTG: A "wider" view of the utilities sector10:00 - What's the outlook for utilities given the underperformance in 2020?18:00 - Utilities for 2021 and beyond23:00 - Utility stocks and energy prices25:30 - Riding the Blue Wave: Expectations regarding the regulatory environment under Biden and a democratic controlled congress? What about at the state level?29:00 - The history and future of clean energy adoption. What does it mean for utility companies?37:15 - Is the growing embrace of ESG investing a headwind or a tailwind for the sector?41:00 - On managing UTES: Why go with active management?42:30 - Quantitative vs. qualitative analysis45:45 - How much portfolio turnover is there?46:30 - How does the fund look from a tax management standpoint?48:00 - Differences between UTES and XLU (NEE) 50:00 - Top pick for 2021: Atmos Energy Corp (ATO)Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Feb 18, 2021
Format:
Podcast episode

Titles in the series (100)

Let’s Talk ETFs is Seeking Alpha's podcast dedicated to the exchange traded fund space. Hosted by Seeking Alpha’s ETF expert, Jonathan Liss, the podcast features long-form conversations with industry insiders, ETF issuers, asset managers and investment advisers to explore the ways in which ETFs continue to evolve, helping investors to reach their financial goals.