Infrastructure ETFs to Capture the Backbone of the U.S. Economy December 18, 2020
Investors can turn to exchange traded funds to track the expansion of U.S. infrastructure, even if the incoming Joe Biden administration doesn’t make good on plans for increased fiscal spending.
President-elect Joe Biden promised on the campaign trail to push through a $2 trillion plan to upgrade the country’s infrastructure and combat climate change by rebuilding roads and bridges, eliminating carbon emissions from the power grid, putting more Americans in electric vehicles, and funding zero-emissions mass transit, the Wall Street Journal reports.
There is a possibility that a divided Congress with a Republican-controlled Senate may thwart Biden’s spending plans. Furthermore, many investors have already been burned after President Donald Trump promised trillions of dollars in infrastructure spending that never panned out.