UTF - UTF Yields Over 8% With Tailwinds On The Horizon From The Infrastructure Bill
2024-02-16 09:00:00 ET
Summary
- The Nasdaq has had a strong start in 2024 despite a recent selloff, with a 4.48% appreciation.
- Investing in infrastructure in 2024 is seen as an opportunity, with the Infrastructure Investment and Jobs Act providing a multi-year tailwind.
- The Cohen & Steers Infrastructure Fund (UTF) is expected to benefit from the act, generating both capital appreciation and income.
There has been an immense focus on technology, especially after big tech earnings and guidance were released. Despite today's selloff due to hotter-than-expected CPI numbers , the Nasdaq has been off to a strong start for 2024, having appreciated by 4.48%. While many are on the edge of their seats waiting for Nvidia ( NVDA ) to report earnings on the 21 st , I think investing in infrastructure in 2024 is an opportunity. The next Fed press conference should be interesting as Chair Powell continues to insist on being data-dependent. The recent CPI print, combined with a strong economy, could push the Fed to hold off a bit longer on rate cuts. Regardless of if the easing cycle starts at the beginning or the end of the summer, I think there is an opportunity for infrastructure companies to generate both capital appreciation and income. The Cohen & Steers Infrastructure Fund ( UTF ) has a long history of generating income for its investors. I think its underlying assets will benefit over the next several years from a better operating environment and the Infrastructure Investment and Jobs Act....
UTF Yields Over 8% With Tailwinds On The Horizon From The Infrastructure Bill