JXI - iShares Global Infrastructure: An Alternative To Utilities But Expensive Right Now
ETF Overview
iShares Global Infrastructure ETF (IGF) owns a portfolio of global infrastructure stocks. The fund seeks to track the investment results of the S&P Global Infrastructure Index. These stocks own critical infrastructures such as toll highways, airports, railways, seaports, pipelines, etc. that are strategically located and difficult to replicate. However, these stocks have inferior cash flow growth rate than the S&P 500 Index. Yet, it is trading at a slight premium to the S&P 500 Index. Therefore, we think its shares are not cheap right now. We think investors may want to