Value ETFs Rise Amid Market Weakness

Investors are flocking to safe-haven equity options such as utility ETFs and dividend yield ETFs on Monday amid market volatility.
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NEW YORK (

TheStreet

) -- Investors are flocking to safe-haven equity options such as utility ETFs and dividend yield ETFs on Monday amid market volatility. Early enthusiasm over a spate of merger announcements gave way to concerns about the economy by mid-day, leading to sideways movement in the benchmark indices.

The

Utilities HOLDRS ETF

(UTH)

is rising 1%. The fund's biggest exposure is

Exelon Energy

(EXC) - Get Report

and

Southern Company

(SO) - Get Report

, up nearly 1% and 0.9% respectively.

Utilities Select Sector SPDR

(XLU) - Get Report

and the

iShares Dow Jones U.S. Utility ETF

(IDU) - Get Report

are also gaining.

The

Claymore/Sabrient Defensive Equity ETF

(DEF) - Get Report

is gaining 0.7% and offers exposure to stocks such as

Dollar Tree

(DLTR) - Get Report

and

McDonald's

(MCD) - Get Report

.

The

First Trust DB Strategic Value ETF

(FDV)

and the

WisdomTree Total Dividend ETF

(DTD) - Get Report

are also rising 1.1% and 0.6% respectively.

Treasury ETFs are lower on Monday, ending a winning streak from the past several trading sessions. The

United States Oil Fund

(USO) - Get Report

was lower by 1.3% as oil prices slipped below $73 a barrel on weak economic outlook.

-- Reported by Shanthi Venkataraman in New York.

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