A New Way to Invest in Infrastructure
Infrastructure is an asset class that has interested me for some time. I believe it is crucial that a diversified portfolio have some exposure to toll roads and airports around the world because they are likely to hold up well in a U.S. slowdown.
I have written about U.S.-listed Macquarie Infrastructure Trust (MIC) several times in the last couple of years, touting it as my favorite product in the space, but IGF also seems compelling.
It's probably a better way to invest in the sector than another ETF that debuted recently, the SPDR FTSE/Macquarie Global Infrastructure 100 ETF (GII).
I tend to think that infrastructure consists of two big sub groups. First, builders such as Foster Wheeler (FWLT) offer a lot of growth potential, have a high correlation to the stock market and experience a lot of volatility. Second, "maintainers" (as in maintaining a way of life) such as Auckland Airport (AIA.NZ) are steadier in price, have a low correlation to the stock market and usually offer some yield.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV