Feb 13, 2021
[1 min Read]
I believe that under Joe Biden's Presidency, investment in infrastructure will rise as this has been one of his key campaign promises and can also be understood from his ambitious investment ideas. This ETF covers the demand for steel and as investment in infrastructure rises, the steel demand will also rise leading to a sharp increase in this ETF's share price as President Biden keeps pumping in more and more money into the economy to revive it from its historic fall and what better way to do it than investing in an industry that is known to create the most jobs? The infrastructure industry is known to provide a huge number of jobs and after the massive job losses that the US faced, it will be ideal for the President to invest heavily in infrastructure projects.