Generating Steady Income
Electric utilities have continued to provide investors with reliable income in an era of low market yields.
Generating Strong Returns
Despite the overall market’s swings from risk-on to risk-off in response to a slow U.S. recovery, Europe’s ongoing crisis and the Fed’s decision to hold rates at extraordinarily low levels, electric utilities have continued to provide solid total returns for growth-and-income investors seeking lower volatility.
When Enron filed for bankruptcy in 2001, utilities funds collapsed--losing 21.1 percent for the year. The losses continued in 2002, as investors worried that power...
MFS Replaces Capital Opportunities Fund Manager
Oct. 29, 2002 -- MFS Investment Management replaced Maura Shaughnessy as manager of the MFS Capital Opportunities Fund/A (MCOFX). S. Irfan Ali, who oversees MFS Strategic...