As such, traditionally defensive sectors, like utilities and telecommunications, typically become increasingly
vulnerable in a rising rate environment due to their existing large debt positions.
Stocks with a history of consistently growing their dividends have historically tended to perform well and exhibit less volatility
in a
rising rate environment, while high yielding dividends, often considered «bond - like proxies,» have tended to be more
vulnerable (due to their high debt levels) and have historically followed bond performance when
rates rise.