Rebuilding US infrastructure may be profitable for the very rich
If they're not publicly owned, such assets often fall under PE funds, so investors in mutual funds, ETFs don't have access to them
Wed, Jan 18, 2017 - 5:50 AM
Mr Hammond of the Guggenheim World Equity Income fund expects the resumption of some projects that have been long and bitterly opposed by environmentalists, such as the Dakota Access pipeline (above).
PRESIDENT-ELECT Donald Trump has spoken of spending US$1 trillion over the next decade to rebuild and repair the nation's sagging infrastructure. Apart from offering big tax breaks to participating developers, few details of the Trump plan have emerged.