3 Infrastructure Stocks to Build Up Your Portfolio
The average age of infrastructure has been on the rise, but the country continues to spend less on infrastructure. Since 2003, infrastructure spend has decreased nine percent, adjusted for inflation. That's going to change no matter who gets elected president, said Joshua Duitz, portfolio manager for the Alpine Global Infrastructure Fund (AIAFX) - Get Report . 'We've had a slow growth economy, interest rates are low and monetary stimulus through quantitative easing is not having an effect,' said Duitz. 'We need more fiscal spending and the president should be able to get bipartisan support.' The Alpine Global Infrastructure Fund is up 13 percent so far in 2016, according to Morningstar. The $163 million fund has returned an average of 4.6 percent annually over the past three years, putting it in the 79th percentile in Morningstar's infrastructure category. Duitz is bullish on Ferrovial (FRRVY) , saying the Spanish toll road and airport developer will benefit from this call to improve the country's infrastructure problems. Ferrovial Airports heads the consortium selected to enter into negotiations for the Great Hall terminal project at Denver International Airport. It also owns and operates the 407 Express Toll Road in Canada under a 99-year concession.
