|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||52.47 - 52.65|
|52 Week Range||42.95 - 53.74|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.40%|
Given the insatiable need and government support, infrastructure makes for a sound investment in a diversified portfolio. The asset class offers robust dividends, low correlation with other investments and products and services that are always in high demand regardless of the economy's health.
It's been a pretty wild ride in Washington since January, so many investors (and voters) may have little confidence that Congress or the administration can get much done. Burleson argues that this improved environment is driven by more funding at state and local levels, as well as more visibility from the 2015 Fixing America's Surface Transportation (FAST) Act.
Just before the Senate's August recess, it confirmed nominees Chatterjee and Powelson to the Federal Energy Regulatory Commission. As Stifel's Noelle Dilts and team write, that's good news for a lot of companies. The confirmations means that FERC now has a quorum to vote on major orders.
This article is part of a regular series of thought leadership pieces from some of the more influential ETF strategists in the money management industry. Today’s article features Gary Stringer, president and chief investment officer of Memphis, Tennessee-based Stringer Asser Management. Political leaders in the world’s two largest economies, the U.S. and China, are aggressively pushing agendas related to infrastructure spending, having recognized the need for significant infrastructure upgrades.
The three largest U.S. stock market indexes all fell on Wednesday as Washington D.C. turmoil regarding President Donald Trump and his administration ramped up yet again.
One of the biggest overarching themes of the recent presidential election cycle was the idea of improving and building-out the United States’ crumbling infrastructure. Both President Trump and former Democratic presidential nominee Hillary Clinton promised a comprehensive package of spending designed to fix bridges, roads, waterways and other vital pieces of the economic “backbone.” And there really is an onus to follow through on the pledge: The American Society of Civil Engineers (ASCE) recently gave the U.S. a failing grade on its infrastructure.