--- title: Reaves Asset Management Blog | Defensive Investing (4) description: Defensive Investing | Utility, energy & communication insights from four decades of intelligent investing (4) 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 Posts about # Defensive Investing (4) [![post](https://insights.reavesam.com/hubfs/Blog%20Images/2021.02%20Reaves%20Blog%2043%20LinkedIn.png)](https://insights.reavesam.com/blog/with-stock-market-indexes-near-all-time-highs-dont-forget-defense) [Infrastructure](https://insights.reavesam.com/blog/tag/infrastructure), [Defensive Investing](https://insights.reavesam.com/blog/tag/defensive-investing) ## [With Stock Market Indexes Near All-Time Highs, Don’t Forget Defense](https://insights.reavesam.com/blog/with-stock-market-indexes-near-all-time-highs-dont-forget-defense) Earlier this month the S&P 500 Index1, the Nasdaq Composite Index2, and the Dow Jones Industrial Average3 all closed at record highs.4 Optimism around additional stimulus policy... [Read More](https://insights.reavesam.com/blog/with-stock-market-indexes-near-all-time-highs-dont-forget-defense) [![post](https://insights.reavesam.com/hubfs/Blog%20Images/2021.02%20Reaves%20Blog%2041%20LinkedIn.png)](https://insights.reavesam.com/blog/making-the-most-of-difficult-markets) [Defensive Investing](https://insights.reavesam.com/blog/tag/defensive-investing) ## [Making the Most of Difficult Markets](https://insights.reavesam.com/blog/making-the-most-of-difficult-markets) Over our 43-year history of managing equity portfolios, we’ve learned that the ability to weather a storm and outperform in difficult markets can ultimately define the client... [Read More](https://insights.reavesam.com/blog/making-the-most-of-difficult-markets) [![post](https://insights.reavesam.com/hubfs/Blog%20Images/2021.01%20Reaves%20Blog%2037%20LinkedIn.png)](https://insights.reavesam.com/blog/are-you-thinking-about-the-defensiveness-of-your-equity-allocation) [Defensive Investing](https://insights.reavesam.com/blog/tag/defensive-investing) ## [Are You Thinking About the Defensiveness of Your Equity Allocation?](https://insights.reavesam.com/blog/are-you-thinking-about-the-defensiveness-of-your-equity-allocation) As 2021 kicks off, the traditional stock-and-bond portfolio faces unique challenges: Ultra-low yields in bond markets and an equity market that hovers near record highs despite... [Read More](https://insights.reavesam.com/blog/are-you-thinking-about-the-defensiveness-of-your-equity-allocation) [![post](https://insights.reavesam.com/hubfs/Blog%20Images/2020.10-Reaves-Blog30-LinkedIn.png)](https://insights.reavesam.com/blog/reasons-to-consider-investing-in-infrastructure) [Infrastructure](https://insights.reavesam.com/blog/tag/infrastructure), [Defensive Investing](https://insights.reavesam.com/blog/tag/defensive-investing) ## [Reasons To Consider Investing in Infrastructure](https://insights.reavesam.com/blog/reasons-to-consider-investing-in-infrastructure) At Reaves Asset Management we believe our investment approach is differentiated by several elements, but one factor stands out: a narrow, steadfast focus on companies we believe... [Read More](https://insights.reavesam.com/blog/reasons-to-consider-investing-in-infrastructure) [![post](https://insights.reavesam.com/hubfs/Blog%20Images/2020.09%20Reaves%20Blog%2027%20LinkedIn.jpg)](https://insights.reavesam.com/blog/what-does-lower-for-longer-mean-for-equity-fixed-income-allocations) [Defensive Investing](https://insights.reavesam.com/blog/tag/defensive-investing) ## [What Does “Lower-for-Longer” Mean for Equity, Fixed Income Allocations?](https://insights.reavesam.com/blog/what-does-lower-for-longer-mean-for-equity-fixed-income-allocations) A shift in Fed1 policy means the era of ultra-low interest rates is poised to last even longer. While that is likely supportive of equity markets, it begs a question of fixed... [Read More](https://insights.reavesam.com/blog/what-does-lower-for-longer-mean-for-equity-fixed-income-allocations) [![post](https://insights.reavesam.com/hubfs/Blog%20Images/2020.08%20Reaves%20Blog%2024%20Utility%20Sector%20LinkedIn.jpg)](https://insights.reavesam.com/blog/q2-earnings-results-show-utility-sectors-resiliency) [Utilities](https://insights.reavesam.com/blog/tag/utilities), [Defensive Investing](https://insights.reavesam.com/blog/tag/defensive-investing) ## [Q2 Earnings Results Show Utility Sector’s Resiliency](https://insights.reavesam.com/blog/q2-earnings-results-show-utility-sectors-resiliency) In the worst economic environment in more than a decade, the utilities sector is demonstrating its resiliency. With the second quarter earnings season now behind us, 20 of the 28... [Read More](https://insights.reavesam.com/blog/q2-earnings-results-show-utility-sectors-resiliency) ### 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/tag/defensive-investing/page/3) [2](https://insights.reavesam.com/blog/tag/defensive-investing/page/2) [3](https://insights.reavesam.com/blog/tag/defensive-investing/page/3) [4](https://insights.reavesam.com/blog/tag/defensive-investing/page/4) [5](https://insights.reavesam.com/blog/tag/defensive-investing/page/5) [6](https://insights.reavesam.com/blog/tag/defensive-investing/page/6) [Next](https://insights.reavesam.com/blog/tag/defensive-investing/page/5)     Reaves Asset Management is an investment adviser registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. 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