UTILITIES

Utility companies provide society with critical infrastructure and services such as water, electricity and sewage. Investing in utility companies can provide two advantages for investors. They tend to be immune from market volatility or economic recessions since the services they supply are always in demand by consumers and their stocks usually offer steady streams of income via dividend payments. Recently, renewable energy technology innovations have generated a shift toward “clean” energy throughout this industry. Growing concerns over the environmental impact and sustainability, specifically relating to traditional electricity production, have played a major role in corporations’ increased awareness of their carbon footprint, and spawned changes throughout the utility industry.
Bit Digital’s Utilities CopyPortfolio aggregates stocks of companies that supply electricity, water, gas and waste management services to residential, corporate and governmental customers.
Bit Digital applies a two-step selection process for choosing stocks to be included in the Utilities CopyPortfolio. First, we scan the universe of stocks and group together the applicable utility sector companies. Next, the group of stocks is screened and ranked according to five criteria: market capitalisation divided by the average daily trading value (over the last three months), dividend yield, beta, analyst consensus rating and ESG rating. This ranking model guides Bit Digital in selecting both the top rated assets and choosing their appropriate weight in the overall portfolio.

The portfolio will be rebalanced annually, or at Bit Digital’s discretion, pending market conditions. CopyPortfolio™ is a portfolio management product by Bit Digital. The portfolio was created and is managed by Bit Digital’s Investment Team. Bit Digital is a multi-asset platform which offers both investing in stocks and crypto assets, as well as trading CFDs. CopyPortfolios™ should not be considered as exchange-traded funds, nor as hedge funds.