Infrastructure companies play a key role in supporting the global economy and are at the forefront of some serious mega trends.
These companies literally build and service our everyday lives.
After 17 years of no progress, the iShares Global Infrastructure ETF $IGF is now challenging its pre-financial crisis highs as buyers work to complete a massive base.
This ETF holds a well-diversified basket of stocks, offering exposure across three primary sectors: utilities (40.4%), industrials—including transportation (38.6%), and energy (21%).
If IGF can break above its former highs around $52, the path of least resistance points higher, paving the way for a fresh leg up in these groups of stocks.
