December 29, 2007 at 1:00 am by Tom Lydon
The need for investment in infrastructure projects abroad could drive growth in construction and engineering related exchange traded funds (ETFs).
David Bogoslaw at BusinessWeek points out that the economic growth in China and India has been the driving force behind the need for more construction. Investors have opportunities that include everything from cement manufacturers to the owners of airports.
ETFs make it easy to own some of the top global construction and engineering stocks that could be built up by the growing global economies:
- iShares S&P Global Industrials (EXI), up 17.2% year to date
- Market Vectors Steel (SLX), up 85.5% year to date
- iShares S&P Global Materials (MXI), up 37.5% year to date
Tags: Asia, China, Emerging Markets, India, Material ETFs, Metals & Mining, Steel
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