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Any Fund / IT/ ETF for investing in Banking Shares and Utilities
mazibee
Posts: 440
Forumite
Please can some one suggest me any IT/ ETF/ Fund that particularly invests in
1) Banking sector
2) Utilities Sector
Thanks in advance.
0
Comments
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Globally iShares have IXG and JXI (you could also use an infrastructure fund, L&G and iShares do them, or an infrastructure IT as many are essentially holding co's for utilities).
But in the UK there are 5 major banks (HSBC, Barclays, Lloyds, NatWest, Standard Chartered) and less than 10 major utilities depending if you include telecoms (NG, UU, SSE, SVT, Drax, Centrica, main telecoms being Vodafone and BT) so it wouldn't be prohibitively expensive depending on how much you have to invest, to buy the stocks outright if you're talking about UK banks and utilities specifically.
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