--- title: Reaves Asset Management Blog (8) description: Utility, energy & communication insights from four decades of intelligent investing (8) 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/2021.10%20Reaves%20Blog%20Nearshoring%20Infrastructure%20LinkedIn.png)](https://insights.reavesam.com/blog/the-infrastructure-supporting-nearshoring) [Infrastructure](https://insights.reavesam.com/blog/tag/infrastructure), [Industrial Infrastructure](https://insights.reavesam.com/blog/tag/industrial-infrastructure) ## [The Infrastructure Supporting “Nearshoring”](https://insights.reavesam.com/blog/the-infrastructure-supporting-nearshoring) Geopolitical risk and manufacturing bottlenecks are causing corporations to rethink their supply chains, making them shorter and closer to home. As this trend begins to unfold,... [Read More](https://insights.reavesam.com/blog/the-infrastructure-supporting-nearshoring) [![post](https://insights.reavesam.com/hubfs/Blog/2021.10%20Reaves%20Blog%20Reconsidering%206040%20LinkedIn.png)](https://insights.reavesam.com/blog/reconsidering-60/40) [Defensive Investing](https://insights.reavesam.com/blog/tag/defensive-investing) ## [Reconsidering 60/40](https://insights.reavesam.com/blog/reconsidering-60/40) The potential for low returns from bonds — or losses if interest rates start ticking upward — has many investors searching for a suitable replacement for a portion of their fixed... [Read More](https://insights.reavesam.com/blog/reconsidering-60/40) [![post](https://insights.reavesam.com/hubfs/Blog/2021.09.27-Reaves-LinkedIn.png)](https://insights.reavesam.com/blog/what-could-bidens-clean-electricity-targets-mean-for-utility-investors) [Utilities](https://insights.reavesam.com/blog/tag/utilities), [Renewables & Clean Energy Transition](https://insights.reavesam.com/blog/tag/renewables-clean-energy-transition) ## [First Take: What Could Biden’s Clean Electricity Targets Mean for Utility Investors?](https://insights.reavesam.com/blog/what-could-bidens-clean-electricity-targets-mean-for-utility-investors) A clean energy transition has been in the works for the utilities sector for 20 years, but new clean electricity targets set by the Biden Administration could fast-track that... [Read More](https://insights.reavesam.com/blog/what-could-bidens-clean-electricity-targets-mean-for-utility-investors) [![post](https://insights.reavesam.com/hubfs/Blog/2021.09%20Reaves%20Blog%20UTES%20Anniversary%20LinkedIn.png)](https://insights.reavesam.com/blog/utilities-sector-two-stats-investors-should-know) [Utilities](https://insights.reavesam.com/blog/tag/utilities), [Defensive Investing](https://insights.reavesam.com/blog/tag/defensive-investing) ## [Utilities Sector: Two Stats Investors Should Know](https://insights.reavesam.com/blog/utilities-sector-two-stats-investors-should-know) This month, the Virtus Reaves Utilities ETF (UTES) celebrates its six-year anniversary. Just as it was six years ago, UTES remains the only ETF which applies active management to... [Read More](https://insights.reavesam.com/blog/utilities-sector-two-stats-investors-should-know) [![post](https://insights.reavesam.com/hubfs/Blog/2021.09%20Reaves%20Blog%20Bond%20Allocation%20LinkedIn.png)](https://insights.reavesam.com/blog/one-chart-may-illustrate-the-trouble-with-a-40-bond-allocation) [Infrastructure](https://insights.reavesam.com/blog/tag/infrastructure), [Defensive Investing](https://insights.reavesam.com/blog/tag/defensive-investing) ## [One Chart May Illustrate the Trouble with a 40% Bond Allocation](https://insights.reavesam.com/blog/one-chart-may-illustrate-the-trouble-with-a-40-bond-allocation) As rates have steadily fallen since the 1980s, fixed income returns have dwindled … and dwindled … and dwindled. The chart below may put the diminishing return stream from bonds... [Read More](https://insights.reavesam.com/blog/one-chart-may-illustrate-the-trouble-with-a-40-bond-allocation) [![post](https://insights.reavesam.com/hubfs/Blog/2021.09%20Reaves%20Blog%20High%20Time%20Low%20Beta%20LinkedIn.png)](https://insights.reavesam.com/blog/high-time-for-low-beta) [Defensive Investing](https://insights.reavesam.com/blog/tag/defensive-investing) ## [High Time for Low Beta?](https://insights.reavesam.com/blog/high-time-for-low-beta) With markets1 hitting fresh highs, and risks lurking in the form of potential Federal Reserve tapering, the spread of the Delta variant of COVID-19 and increasing geopolitical... [Read More](https://insights.reavesam.com/blog/high-time-for-low-beta) ### 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/7) [6](https://insights.reavesam.com/blog/page/6) [7](https://insights.reavesam.com/blog/page/7) [8](https://insights.reavesam.com/blog/page/8) [9](https://insights.reavesam.com/blog/page/9) [10](https://insights.reavesam.com/blog/page/10) [Next](https://insights.reavesam.com/blog/page/9)     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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