No, you are not experiencing deja vu. Yet another infrastructure-related exchange-traded fund has been listed. As its name implies, the First Trust ISE Global Engineering and Construction Index Fund (FLM) tracks an index maintained by the International Securities Exchange, or ISE.The index targets all the types of infrastructure project you would expect, such as "utilities, transportation, telecommunications, commercial, residential and commerce facilities." The specific companies included in FLM's portfolio perform the "engineering, designing, planning, consulting, project managing and/or constructing of these projects."
First Trust ETF Takes Infrastructure Global
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