The Globe and Mail reports in its Tuesday, Nov. 25, edition that if your portfolio is making you queasy, you may want to make some derisking moves. The Globe's regular guest columnist Gordon Pape recommends the BMO Equal Weight Utilities Index ETF. This ETF replicates the performance of the Solactive Equal Weight Canada Utilities Index net of expenses. It holds the stocks in the same proportion as they are reflected in the index. The fund is 24.7 per cent higher year-to-date, as of Oct. 31. Utility stocks offer several advantages in a down market. For starters, they are low volatility because of the nature of the business -- distribution of electricity and natural gas. Most of the income is regulated, which means it is not subject to major upheavals. Utility stocks are interest sensitive, so if central banks lower rates in response to a market decline, this fund should benefit. The fund was launched in January, 2010, and has $813-million in assets under management. The management expense ratio is 0.61 per cent. The distributions are paid monthly at the current rate of seven cents a unit. This ETF provides exposure to the biggest Canadian utilities offering modest growth, safe dividends and low risk.