infrastructure bill is certainly a domestic priority, it’s worth pointing out this globally focused fund here because the size of the $1 trillion spending agenda could certainly make its way into the hands of some of the larger global players out there. The fund has dropped in 2022 along with the rest of Wall Street, but has fared slightly better than the S&P 500 year-to-date. It’s also pretty darn diversified, too, with no single position representing more than about 4% of the portfolio at present. ( DE) and construction materials company Fastenal Co. Its holdings consist of domestic, publicly traded stocks involved in construction materials, heavy equipment, engineering and construction.ĭespite a targeted approach, the total portfolio is actually quite extensive with about 100 total positions, including steelmaker Nucor Corp. PAVE is the largest dedicated infrastructure ETF on Wall Street, with more than $4 billion in assets under management. Global X US Infrastructure Development ETF ( PAVE)
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund ( GRID)
FlexShares STOXX Global Broad Infrastructure Index Fund ( NFRA) iShares Global Infrastructure ETF ( IGF) Global X US Infrastructure Development ETF (ticker: PAVE) As the money starts to roll out of Washington and into local communities this year, investors who want to tap into this spending should consider the following infrastructure exchange-traded funds, or ETFs, to play this trend:
It’s important to note, however, that the final package did not include some items on the original spending agenda targeting so-called “social infrastructure including health care or education.” That left a traditional infrastructure bill that was focused on roads, bridges and similar items. It took a lot longer than some had hoped, but a year later in November 2021 Congress finally passed a $1 trillion spending package and the president signed it into law. Business & Finance Click to expand menu.Īfter President Biden swept into office in November 2020, one of the first big agenda items was a massive infrastructure spending bill.
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