President Trump is making his ambitious infrastructure effort a centerpiece of his 2018 agenda. That theme could benefit some exchange traded funds, including the Global X U.S. Infrastructure Development ETF (Cboe: PAVE).

The Global X U.S. Infrastructure Development ETF, which is about 10 months old, 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.

PAVE “has posted a strong performance and attracted four consecutive weeks of inflows since the middle of December, its best-ever run. Its assets have grown 18 percent to $35 million in just the first few trading days of the year,” reports Bloomberg.

While he was campaigning, President Donald Trump’s pledge to spend $1 trillion shoring up U.S. infrastructure needs was seen as a potential catalyst for the related exchange traded funds. Still, it could take some time for infrastructure ETFs to see the full benefit of Trump’s still nascent infrastructure plans.

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