3 Best Infrastructure ETFs to Buy in 2023
As investments in infrastructure projects continue to gain momentum across the globe, investors are increasingly focusing on seizing the potential growth opportunities offered by this expanding market. Infrastructure ETFs (Exchange Traded Funds) encompass a wide range of assets, such as transportation, energy, utilities, and telecommunications, offering a diversified mix for your portfolio. Here is a list of three best infrastructure ETFs to consider buying in 2023.
1. Global X U.S. Infrastructure Development ETF (PAVE)
The Global X U.S. Infrastructure Development ETF (PAVE) is a top choice for investors looking to gain exposure to domestic infrastructure projects. With President Biden’s $2 trillion infrastructure plan expected to have a significant influence in the coming years, PAVE is well-positioned to benefit from this federal spending. The fund’s holdings include companies primarily involved in construction, engineering, and raw material supply related to American infrastructure projects.
2. iShares Global Infrastructure ETF (IGF)
As its name suggests, the iShares Global Infrastructure ETF (IGF) offers investors broad exposure to infrastructure projects worldwide. This fund boasts holdings in over 70 companies involved in utilities, transportation, and energy sectors across developed and emerging markets. IGF provides an excellent opportunity for long-term investors seeking diversification and capital appreciation through global investments.
3. Invesco DWA Utilities Momentum ETF (PUI)
The Invesco DWA Utilities Momentum ETF (PUI) focuses on the utilities sector within the US market, making it an attractive option for investors interested in stable, income-generating assets.
PUI tracks companies producing or distributing electricity, gas, or water with strong price momentum. With increasing demand for renewable energy sources and the ongoing modernization of utility networks, PUI could be a solid long-term investment choice in the growing infrastructure sector.
Investing in infrastructure ETFs is not only a smart way for investors to participate in crucial national and international projects but also to tap into the potential of some of the fastest-growing industries worldwide. By adding these three infrastructure ETFs – PAVE, IGF, and PUI – to your portfolio, you can take advantage of the expanding infrastructure sector while diversifying your overall investment strategy.