During the last two months of the market volatility, telecommunication services have done well. Vanguard Telecom Services (VOX) exchange traded fund is up 1.15% for the month versus the S&P 500’s 0.3%. The ETF is also up 13% year-to-date.
The largest holding in the ETF is AT&T (T), which has been performing well, based on its aggressive move into providing television service into homes. There are a few proposals in Congress that would be a positive affect on telecom services. One would give more control over Internet connection and another would help reach rural areas of the country.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.