not vested
Best ETFs Under Trump: Global X U.S. Infrastructure Development ETF (PAVE)
With its March 6 launch date, the Global X U.S. Infrastructure Development ETF (BATS:PAVE) is the youngest exchange-traded fund on this list, but a sensible addition nonetheless.
On the campaign trail, Trump promised to spend $1 trillion shoring up America’s flagging infrastructure. Like it or not, it is a fact that Trump’s infrastructure plans, at the dollar level, were well in excess of Hillary Clinton’s.
There has been some disappointment on the infrastructure front during Trump’s first 100 days in office, however, because it is widely believe the meat of that plan will be pushed off until 2018. A more pragmatic view is necessary.
Trump is not intentionally disappointing markets by pushing infrastructure spending off until 2018. He very well could be delaying it until next year because 2018 is a mid-term election year.
PAVE makes sense as an a Trump-inspired ETF because it differs from many legacy infrastructure ETFs. The new ETF follows the INDXX U.S. Infrastructure Development Index, a benchmark focusing on U.S. infrastructure fare.
Many established infrastructure funds are global funds and are not exclusively allocated to U.S. stocks. All of PAVE’s holdings are U.S. companies.
Source: Investor Place