Related: An Intelligent Infrastructure ETF Investment
As its name implies, INFR is a global fund. U.S. stocks accounted for a third of INFR’s weight at the end of the third quarter with Canada and Australia combining for nearly a quarter. Overall, INFR features exposure to 24 developed and emerging markets. The ETF is up 17% year-to-date.
Outside the U.S., countries are already allocating money toward infrastructure projects. For instance, Japan has invested $100 billion for roads, bridges, railways and other building projects in Asia. China has already stated it will put billions into a so-called Silk Road infrastructure project to connect Asian economies.
The weighted average market value of INFR’s 103 holdings is $34.1 billion. Utilities and industrial stocks combine for nearly 78% of the ETF’s weight with the energy sector chiming in at 14.6%. INFR charges 0.53% per year, or $53 on a $10,000 investment.
For more information on the infrastructure sector, visit our infrastructure category.