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Global Infrastructure ETF (IGF) Hits New 52-Week High

For investors looking for momentum, the iShares Global Infrastructure ETF IGF is probably on your radar now. The fund just hit a 52-week high and shares of IGF are up roughly 14.41% from their 52-week low price of $37.33/share.


But could more gains be ahead for this ETF? Let’s take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed:


IGF in Focus


IGF focuses on the global infrastructure market. The fund has a large-cap focus with key holdings in the Utilities, Industrials, and Energy sectors. IGF charges investors 47 basis points a year in fees. Its top holdings include Transurban Group, Enbridge Inc. ENB, and Aena SA, with almost 14.5% of assets allocated to them (see all the Utilities/Infrastructure ETFs here).


Why the move?


The infrastructure sector has been an area to watch lately as Donald Trump’s promises to boost spending by over $1 trillion is a positive. Over 36.5% of the fund assets are allocated to the U.S. and almost 11% to Canada. Canada is planning to launch a government infrastructure bank to spur development of projects across the country, which also contributed to recent gains of the fund.


More Gains Ahead?


The fund has a weighted alpha of 9.9 and a low 14-day standard deviation of 4.77%. So there is definitely still some promise for those who want to ride this surging ETF a little further.


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ISHARS-GL IN (IGF): ETF Research Reports
 
Enbridge Inc (ENB): Free Stock Analysis Report
 
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