“The index focuses on global infrastructure because it is dominated by brownfield investments — already built infrastructure – these tend to be mature projects characterized by stable cash flows and with a greater correlation to inflation than Emerging Markets-only infrastructure strategies,” according to FlexShares.
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Top country weights include U.S. 40.2%, Canada 13.4%, Japan 10.9%, U.K. 6.5% and Spain 5.2%.
Top holdings include AT&T 4.6%, Verizon Communications 4.1%, Comcast 3.2%, Canadian National Railway 3.0% and Enbridge Inc. 3.0%.
NFRA shows a 0.47% expense ratio and a 3.09% 12-month yield.
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