Wall Street believes in Biden after countless wrong infrastructure bets

President Biden’s proposed $2 trillion infrastructure plan has the market excited.The iShares U.S. Infrastructure (IFRA) exchange-traded fund and Global X U.S. Infrastructure Development ETF, which trades under the appropriate ticker symbol of PAVE (PAVE), are each up more than 15% so far in 2021.”Investors have been waiting a long time for a generous, federally led infrastructure package,” said David Bianco, chief investment officer of the Americas for DWS. “Politicians have promised this for more than a decade. Something’s finally going to be done and it will be big.”So it should come as no surprise that the infrastructure ETFs, which own many top industrial firms, are surging this year. Top

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Sponsored: Buyers who have lost to overbidders twice wonder who is controlling the rising prices 

Q: Twice we have lost out on purchasing a home due to a 10% overbid. Even crazier, these properties were already overpriced when they...

Business faces tricky path navigating post-Trump politics

By Brian Slodysko and Josh Boak | Associated PressWASHINGTON — For more than a half-century, the voice emerging from the U.S. Chamber of Commerce’s...

Windsor Mayor Refuses to Resign After Assault Allegations

Windsor Windsor Mayor Refuses to Resign After Assault Allegations ...