“UTES,” First Actively Managed Utilities ETF, Marks Three-Year Milestone

The Reaves Utilities ETF (NYSE MKT: UTES), the first and only actively managed utilities exchange-traded fund, has successfully demonstrated a three-year track record, outperforming its passive benchmark index, the S&P 500 Utilities Index, since inception.

As one of the first fully transparent actively managed ETFs launched in the industry, the Reaves Utilities ETF leverages Reaves Asset Management’s deep industry expertise, accrued over the firm’s four-decade-long track record of investing in the utilities sector, to invest in well-managed utilities, including mid- and small-cap companies not found in many of the market-cap weighted passive index funds.