--- title: Reaves Asset Management Blog (10) description: Utility, energy & communication insights from four decades of intelligent investing (10) image: https://insights.reavesam.com/hubfs/Content%20Offers/Subscribe%20to%20Insights/2020.01-Reaves-Subscribe.linkedin.png --- [![Reaves Asset Management](https://insights.reavesam.com/hs-fs/hubfs/raw_assets/public/ReavesAssetManagement_May2023/images/header_logo.png?width=270&height=135&name=header_logo.png "Reaves Asset Management")](https://reavesam.com/) [![Reaves Asset Management](https://insights.reavesam.com/hs-fs/hubfs/raw_assets/public/ReavesAssetManagement_May2023/images/Reaves_Asset_Management_Logo_mobile.png?width=1000&height=135&name=Reaves_Asset_Management_Logo_mobile.png "Reaves Asset Management")](https://reavesam.com/) - About Us - [About Reaves](https://reavesam.com/about-us/) - [Philosophy and Process](https://reavesam.com/philosophy-and-process/) - [Our Team](https://reavesam.com/our-team/) - Portfolios - [Reaves Utility Income Fund](https://reavesam.com/our_services/reaves-utility-income-fund/) - [Reaves Infrastructure Fund](https://reavesam.com/our_services/reaves-infrastructure-fund/) - [Virtus Reaves Utilities ETF](https://reavesam.com/our_services/reaves-utilities-etf/) - Separately Managed Accounts - [Reaves Long Term Value Strategy](https://reavesam.com/our_services/reaves-long-term-value-strategy/) - [Reaves Dividend Income Strategy](https://reavesam.com/our_services/reaves-dividend-income-strategy/) - Resources - [Content Library](https://reavesam.com/library/) - [Blog](https://insights.reavesam.com/blog) - [Contact](https://reavesam.com/contact-us/) - [Form CRS](https://reavesam.com/wp-content/uploads/2022/02/Reaves-Asset-Management-Form-CRS-123121.pdf) [![Reaves Asset Management](https://insights.reavesam.com/hs-fs/hubfs/raw_assets/public/ReavesAssetManagement_May2023/images/UTG_Logo_White_Rust1200px.png?width=900&height=835&name=UTG_Logo_White_Rust1200px.png "Reaves Asset Management")](https://utilityincomefund.com/) [![Reaves Asset Management](https://insights.reavesam.com/hs-fs/hubfs/raw_assets/public/ReavesAssetManagement_May2023/images/UTG_Logo_Color1200px_two.png?width=900&height=835&name=UTG_Logo_Color1200px_two.png "Reaves Asset Management")](https://utilityincomefund.com/) [UTG website](https://utilityincomefund.com/) [![Reaves Asset Management](https://insights.reavesam.com/hs-fs/hubfs/raw_assets/public/ReavesAssetManagement_May2023/images/Reaves_Asset_Management_Logo_mobile.png?width=1000&height=135&name=Reaves_Asset_Management_Logo_mobile.png "Reaves Asset Management")](https://reavesam.com/) [![Reaves Asset Management](https://insights.reavesam.com/hs-fs/hubfs/raw_assets/public/ReavesAssetManagement_May2023/images/UTG_Logo_Color1200px_mobile.png?width=100&height=135&name=UTG_Logo_Color1200px_mobile.png "Reaves Asset Management")](https://utilityincomefund.com/) - About Us - [About Reaves](https://reavesam.com/about-us/) - [Philosophy and Process](https://reavesam.com/philosophy-and-process/) - [Our Team](https://reavesam.com/our-team/) - Portfolios - [Reaves Utility Income Fund](https://reavesam.com/our_services/reaves-utility-income-fund/) - [Reaves Infrastructure Fund](https://reavesam.com/our_services/reaves-infrastructure-fund/) - [Virtus Reaves Utilities ETF](https://reavesam.com/our_services/reaves-utilities-etf/) - Separately Managed Accounts - [Reaves Long Term Value Strategy](https://reavesam.com/our_services/reaves-long-term-value-strategy/) - [Reaves Dividend Income Strategy](https://reavesam.com/our_services/reaves-dividend-income-strategy/) - Resources - [Content Library](https://reavesam.com/library/) - [Blog](https://insights.reavesam.com/blog) - [Contact](https://reavesam.com/contact-us/) - [Form CRS](https://reavesam.com/wp-content/uploads/2022/02/Reaves-Asset-Management-Form-CRS-123121.pdf) ![Reaves-Asset-Managment-Utilities-EFTs](https://insights.reavesam.com/hubfs/ReavesAssetManagement_May2023/Image/Reaves-Asset-Managment-Utilities-EFTs.jpg) ## Insights [The Opportunity In Utilities](https://info.reavesam.com/the-opportunities-in-utilities) ## Insights ## Utility, energy & communication insights from four decades of intelligent investing [![post](https://insights.reavesam.com/hubfs/Blog/2021.06%20Reaves%20Blog%2056%20LinkedIn.png)](https://insights.reavesam.com/blog/regulatory-alpha-why-investors-should-embrace-politicized-industries) [Infrastructure](https://insights.reavesam.com/blog/tag/infrastructure), [Defensive Investing](https://insights.reavesam.com/blog/tag/defensive-investing) ## [Regulatory Alpha: Why Investors Should Embrace Politicized Industries](https://insights.reavesam.com/blog/regulatory-alpha-why-investors-should-embrace-politicized-industries) Some investors may see politics and regulations as a risk. We see them as a potential opportunity. At Reaves, our sole focus is on essential service infrastructure. A byproduct of... [Read More](https://insights.reavesam.com/blog/regulatory-alpha-why-investors-should-embrace-politicized-industries) [![post](https://insights.reavesam.com/hubfs/Blog/2021.06%20Reaves%20Blog%2050%20LinkedIn.png)](https://insights.reavesam.com/blog/a-regulatory-victory-in-wireless-highlights-reaves-strengths) [Communication Infrastructure](https://insights.reavesam.com/blog/tag/communication-infrastructure) ## [A Regulatory Victory in Wireless Highlights Reaves’ Strengths](https://insights.reavesam.com/blog/a-regulatory-victory-in-wireless-highlights-reaves-strengths) After the merger of T-Mobile1 and Sprint closed a little over a year ago, we posted a blog indicating our enthusiasm for the new entity. We opined that while we could not assume... [Read More](https://insights.reavesam.com/blog/a-regulatory-victory-in-wireless-highlights-reaves-strengths) [![post](https://insights.reavesam.com/hubfs/Blog%20Images/2021.06%20Reaves%20Blog%2054%20LinkedIn.png)](https://insights.reavesam.com/blog/railroad-stocks-merger-activity-highlights-the-value-of-infrastructure-assets) [Infrastructure](https://insights.reavesam.com/blog/tag/infrastructure), [Industrial Infrastructure](https://insights.reavesam.com/blog/tag/industrial-infrastructure) ## [Railroad Stocks: Merger Activity Highlights the Value of Infrastructure Assets](https://insights.reavesam.com/blog/railroad-stocks-merger-activity-highlights-the-value-of-infrastructure-assets) The Reaves Long Term Value Strategy1 began investing in railroad stocks starting in 2011. The reasons are straightforward: rail networks possess many of the characteristics we... [Read More](https://insights.reavesam.com/blog/railroad-stocks-merger-activity-highlights-the-value-of-infrastructure-assets) [![post](https://insights.reavesam.com/hubfs/2021.05%20Reaves%20Blog%2053%20LinkedIn.png)](https://insights.reavesam.com/blog/deconstructing-the-60/40-portfolio) [Defensive Investing](https://insights.reavesam.com/blog/tag/defensive-investing) ## [Deconstructing the 60/40 Portfolio](https://insights.reavesam.com/blog/deconstructing-the-60/40-portfolio) We believe it’s time for investors to rethink the traditional asset allocation model of 60% equities and 40% bonds by moving the broader portfolio slightly up the risk curve and... [Read More](https://insights.reavesam.com/blog/deconstructing-the-60/40-portfolio) [![post](https://insights.reavesam.com/hubfs/Blog%20Images/2021.03%20Reaves%2060th%20Anniversary%20Blog%202%20LinkedIn.png)](https://insights.reavesam.com/blog/reflecting-on-60-years) [About Reaves](https://insights.reavesam.com/blog/tag/about-reaves) ## [Reflecting on 60 Years](https://insights.reavesam.com/blog/reflecting-on-60-years) This month, Reaves Asset Management celebrates its 60th anniversary, a long history for a firm in the asset management industry. And while much has changed on Wall Street since... [Read More](https://insights.reavesam.com/blog/reflecting-on-60-years) [![post](https://insights.reavesam.com/hubfs/Blog%20Images/2021.03%20Reaves%2060th%20Anniversary%20Blog%201%20LinkedIn.png)](https://insights.reavesam.com/blog/celebrating-60-years) [About Reaves](https://insights.reavesam.com/blog/tag/about-reaves) ## [Celebrating 60 Years](https://insights.reavesam.com/blog/celebrating-60-years) Over our history, Reaves Asset Management has navigated many changes and events in financial markets and in our world: twelve different U.S. Presidents, multiple military... [Read More](https://insights.reavesam.com/blog/celebrating-60-years) ### Topics - [About Reaves (2)](https://insights.reavesam.com/blog/tag/about-reaves) - [Closed End Funds (3)](https://insights.reavesam.com/blog/tag/closed-end-funds) - [Communication Infrastructure (9)](https://insights.reavesam.com/blog/tag/communication-infrastructure) - [Defensive Investing (33)](https://insights.reavesam.com/blog/tag/defensive-investing) - [Dividend Growth (19)](https://insights.reavesam.com/blog/tag/dividend-growth) - [Equities (3)](https://insights.reavesam.com/blog/tag/equities) - [ETF (1)](https://insights.reavesam.com/blog/tag/etf) - [Income (13)](https://insights.reavesam.com/blog/tag/income) - [Income Investing (3)](https://insights.reavesam.com/blog/tag/income-investing) - [Industrial Infrastructure (5)](https://insights.reavesam.com/blog/tag/industrial-infrastructure) - [Infrastructure (35)](https://insights.reavesam.com/blog/tag/infrastructure) - [Quarterly Update (15)](https://insights.reavesam.com/blog/tag/quarterly-update) - [Renewables & Clean Energy Transition (15)](https://insights.reavesam.com/blog/tag/renewables-clean-energy-transition) - [Retirement (2)](https://insights.reavesam.com/blog/tag/retirement) - [Retirement Income (2)](https://insights.reavesam.com/blog/tag/retirement-income) - [Utilities (39)](https://insights.reavesam.com/blog/tag/utilities) see all topics ### Top Posts ### Utilities & Infrastructure Insights from 40+ Years of Experience [Prev](https://insights.reavesam.com/blog/page/9) [8](https://insights.reavesam.com/blog/page/8) [9](https://insights.reavesam.com/blog/page/9) [10](https://insights.reavesam.com/blog/page/10) [11](https://insights.reavesam.com/blog/page/11) [12](https://insights.reavesam.com/blog/page/12) [Next](https://insights.reavesam.com/blog/page/11)     Reaves Asset Management is an investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Registration does not imply any skill or training. Reaves is a privately held, independently-owned “S” corporation organized under the laws of the State of Delaware. The information provided in this blog does not constitute, and should not be construed as, investment advice or recommendations with respect to the securities and sectors listed. Investors should consider the investment objective, risks, charges and expenses of all investments carefully before investing. Any projections, outlooks or estimates contained herein are forward looking statements based upon specific assumptions and should not be construed as indicative of any actual events that have occurred or may occur. Past performance is no guarantee of future results. All investments involve risk, including loss of principal. All data is presented in U.S. dollars. Important Tax Information:  Reaves Asset Management and its employees are not in the business of providing tax or legal advice to taxpayers. 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