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Utilities ETF rebrands and opens in Europe

Utilities ETF rebrands and opens in Europe

Reaves Asset Management is a USD3 billion specialist investment firm focused on the utilities sector, mostly in the US. Its Utilities ETF (UTES), recently rebranded as the Virtus Reaves Utilities ETF, gives access to their specialist knowledge of this complicated sector and has produced a 64 per cent return, annualised at 14.7 per cent, since launch in 2015.