You are on page 1of 2

The investment seeks to track the investment results of an index composed of global equities in the

utilities sector. The fund generally invests at least 90% of its assets in securities of the underlying index
and in depositary receipts representing securities of the underlying index. It seeks to track the investment
results of the S&P Global 1200 Utilities Sector IndexTM, which measures the performance of companies
that S&P Dow Jones Indices LLC ("S&P"), a subsidiary of McGraw Hill Financial, Inc., deems to be part of
the utilities sector of the economy and that S&P believes are important to global markets. The fund is nondiversified. Current Holdings :

Symbol

% Assets

Duke Energy Corporation (Holdin

DUK

5.44

National Grid PLC

NGGTF.L

5.09

NextEra Energy, Inc. Common Sto

NEE

4.27

Dominion Resources, Inc. Common

4.14

Southern Company (The) Common S

SO

4.07

Iberdrola SA

IBDSF.BC

3.37

GDF Suez

GDSZF.PA

3.30

E On SE

ENAKF.DE

3.17

Exelon Corporation Common Stock

EXC

2.94

American Electric Power Company

AEP

2.74

Officials in Russia are once again increasing the pricing forecast for electricity on the
unsubsidized open power market. Some administrators in Moscow are now saying electricity
prices could double over the next five years.
Brazil's electricity usage will be growing twice as fast as the U.S., while India has embarked on a
major project to increase production. As with India, elsewhere in Asia, the rise in electricity
prices is a direct result of the increased use of power in economic development. But the effect
has put significant pressure on the grid.

With a rising lower lows, and a consistent touch of the $48 level there is room for speculation for
long term appreciation. Although the stock has not seen the highs of $70 since November of
2011; this might be the buying opportunity investors have been looking for. The 200 day moving
average has been steadily supporting the upward trend and there is definitely room for growth.
The first major resistant line would be the untouched $52.00 and followed by the last major
candle down at $54.00. As long as the stock has the 100 and 200 day moving average as its
support it could possibly over the next 2-3 years hit the $64-$68 mark.

You might also like