Larry Berman CFA, CMT, CTAiShares Global Infrastructure E.T.F.CIF.TODON'T BUYDec 09, 2024

Instead of owning companies that are spending the capital, own the ones providing the productive capacity. Not a pure AI play, but the picks and shovels involved instead. Global exposure. Themes of electricity, water, transportation, engineering, grid modernization, industrial reshoring. Valuation is 14x PE, pretty reasonable. "Who owns the things that every AI winner has to use?" MER is 0.72%.

For any infrastructure ETF, are you buying utilities or infrastructure? Look closely.  Infrastructure offers dividends and less volatility. CIF has had a good run and there's not much room left. Doesn't love this. Are better ways in the private sector to play this space. 

Sector that's benefiting from all the AI buildout we've been talking about. Wonderful piece of portfolio diversity globally. Not just AI, has things related to engineering and energy. Nice complement to tech ETFs, as it just moves you a little bit upstream. Picks and shovels that will bring AI to its reality.

At the moment, a bit more stable than pure technology. One day it will run into higher valuations, and some volatility may creep in. That'll be the time to manage risk and reduce your position.

BMO Global Infrastructure Index CAD (ZGI-T) or iShares Global Infrastructure IDX (CIF-T)? You could look at either one of these. There are some differences, but you could maybe split the amount you are using and Buy both.

An alternative asset class. It is perfectly good. It is 50% allocated to the US. ZGI-T gives global infrastructure.

You will see both Prime Minister Trudeau and President elect Trump talking a lot about infrastructure. There is a very obvious crying need for this. It may not shoot the lights out, but a very safe way of getting equity exposure in infrastructure. A good, long term play.

Infrastructure is crumbling, and we need more. This is a global product, so you are not betting the farm just on Canada or North America.

A global infrastructure ETF. Looking at $14 billion in infrastructure spending by the federal government, more by the provincials and in the US we have the P3’s. Thinks the trend of infrastructure is going to be not only in North America, but expects it to be worldwide.

(Top Pick Feb 14/13, Up 20.08%) People need more tangible investments in their portfolios.

(Top Pick Oct 17/12, Up 18.88%) Still likes it. It is still going to move higher. He is bullish on infrastructure and construction.

Global infrastructure and holds companies that help build roads, sewers, etc. As we try to modernize the world’s economy, there is a real demand for this sort of thing. Has bounced back in the last few weeks but has a lot of room to grow.

Infrastructure stocks has done incredibly well but they tend to be dominated by pipeline stocks, the defensive high-yielding names. Those kinds of stocks are kind of getting played out and may go sideways for a while.

Includes 77% North American companies and 13% emerging markets. Housing starts are gangbusters, the best in 4 years. Thinks that this will now hint towards some sort of municipal infrastructure plays in the US. Thinks there will be a pretty good move in the infrastructure stocks.