PHO - Five ETFs poised to gain ground from the bipartisan infrastructure bill
U.S. senators have finalized the content of a $1T bipartisan infrastructure bill -- and infrastructure, transportation, clean water and broadband ETFs might find themselves poised for future gains. The bill aims to spend money over a five-year time horizon on areas such as roads, bridges, mass transit, high-speed internet and replacing of lead pipes for cleaner drinking water. Here are five ETFs that could benefit: Infrastructure ETFs Industrial Select Sector SPDR ETF (NYSEARCA:XLI) which seeks to invests in a wide array of industrial companies that impact the road and rail industry, building products space and construction/engineering can see potential momentum build. XLI has YTD returns of +16.73%, an expense ratio of 0.12% and has 77 total holdings. Another ETF that provides exposure to infrastructure activity is the Global X Funds Global X U.S. Infrastructure Development ETF (BATS:PAVE). The fund invests in firms involved in U.S. production of raw materials, heavy equipment,
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Five ETFs poised to gain ground from the bipartisan infrastructure bill