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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.