3 Utility Mutual Funds to Buy as Fed Rate Hike Looks Likely

With oil prices rising and Treasury yields climbing, utility mutual funds are positioned as defensive investments. Three recommended funds—Franklin Utilities (FKUTX), Cohen & Steers Global Infrastructure (CSUAX), and American Century Utilities Inv (BULIX)—all carry Zacks Rank #1 ratings, offer dividend income, and have demonstrated solid 3-5 year returns with below-average expense ratios.