2 U.S. Infrastructure ETFs to Buy on Biden's Massive Push By StockNews

2 U.S. Infrastructure ETFs to Buy on Biden's Massive Push By StockNews


© Reuters. 2 U.S. Infrastructure ETFs to Buy on Biden’s Massive Push

President Biden has recently proposed a $2 trillion package to reshape the U.S. Infrastructure. As a result, infrastructure ETFs like Global X US Infrastructure Development (PAVE) and iShares U.S. Infrastructure (IFRA) are expected to soar. Read more to find out how these ETFs will benefit.The American Society of Civil Engineers (ASCE) has given America’s Infrastructure a rating of C- in its 2021 report, because of its frequent water breaks, wear and tear of roads and bridges, and interrupting electricity. The deteriorating condition of US infrastructure is one of the key reasons behind President Biden’s proposed $2 trillion infrastructure and jobs package. Biden hopes to rebuild the majority of the existing infrastructure in areas of Transportation, Water, Broadband and Power, Housing and Education, and Manufacturing and Labor, in line with his aim to “Build Back Better.”

The huge government spending on infrastructure will benefit several companies involved in infrastructure-related activities in the upcoming months. Therefore, we expect Global X US Infrastructure Development ETF (PAVE) and iShares U.S. Infrastructure ETF (IFRA), which have substantial exposure to infrastructure stocks, to be positioned to deliver solid returns.

Global X US Infrastructure Development ETF (PAVE)

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Leave a comment

Send a Comment

Your email address will not be published. Required fields are marked *