As many try to anticipate President Donald Trump’s policy changes, Global X has launched a targeted U.S. infrastructure-related exchange traded fund to help investors capitalize on the potential trillions in fiscal spending to expand and repair the country’s infrastructure system.
The recently launched Global X U.S. Infrastructure Development ETF (BATS: PAVE) comes with a 0.47% expense ratio.
The Global X U.S. Infrastructure Development ETF tries to reflect the performance of the Indxx U.S. Infrastructure Development Index, which is comprised of companies focused on domestic infrastructure development, including those involved in construction and engineering; production of infrastructure raw materials, composites and products; industrial transportation; and producers/distributors of heavy construction equipment.
Additionally, the underlying index applies a proprietary analysis to focus on companies that provide the most exposure to increased investment in U.S. infrastructure. The underlying index also screens companies based on revenue exposure and primary business operations.