Engineering & Construction ETFs

Engineering & Construction ETFs
  • Pininvest Analysis

The selected ETFs highlight various engineering activities, related to infrastructure and to home building, with preference for developed markets, the US and globally

 

The comparison between funds focused on distinct areas - emerging markets / global markets / specialized engineering - reflects investor perception , flight to safety or cyclical sector rotation

  • There appears to be very little appetite for emerging market infrastructure funds. Only one small emerging country infrastructure fund, iShares S&P Emerging Markets Infrastructure Index Fund EMIF/NASDAQ  is listed as country-specific funds for Brazil, China, India and Columbia have been closed
  • Specialized exposure in engineering and construction , covered globally by FLM or US focused (AIRR or PKB), has only attracted modest interest but appears most sensitive to US infrastructure policies 

Global infrastructure funds feature solid assets under management  - foremost IGF - poor performance over the past year reflects the dismal impact of the pandemic on the global economy

 

Home builders - ITB and XHB - are more focused and could turn out to be relevant indicators of trends on the US market

 

The funds included in the selection closely mirror shifts in economic expectations, as shown by performance  for short time frames (past quarter or past month)



Engineering & Construction ETFs • Updated:

Name Ticker Exchange Category SubCategory Currency Cur.Price AUM Perf. Momentum Vol. Risk Contrib. MDD
 
First Trust Global Engineering and Construction ETF FLM NYSEARCA Industrial Goods Construction & Engineering USD 56.70 6.8 M 52.7% Weak Up 24%   10% -10%
First Trust RBA American Industrial Renaissance ETF AIRR NASDAQ Industrial Goods Construction & Engineering USD 40.81 52 M 92.4% Neutral 35%   14% -10%
Invesco Dynamic Building & Construction ETF PKB NYSEARCA Industrial Goods Construction & Engineering USD 50.45 101 M 110.4% Weak Up 34%   15% -11%
iShares S&P Emerging Markets Infrastructure Index Fund EMIF NASDAQ Emerging Markets InvestableMkt Sectors USD 24.80 19 M 19.2% Neutral 23%   7% -17%
iShares S&P Global Infrastructure Index Fund IGF NASDAQ Global Markets Infrastructure USD 45.95 3.3 B 26.7% Neutral 21%   8% -11%
iShares U.S. Home Construction ETF ITB BATS Consumer Discretionary Homebuilding USD 70.96 1.4 B 118.6% Weak Up 37%   14% -13%
iShares US Infrastructure ETF IFRA BATS Industrial Goods Construction & Engineering USD 34.83 6.3 M 58.8% Weak Up 28%   12% -14%
SPDR S&P Global Infrastructure ETF GII NYSEARCA Global Markets Infrastructure USD 52.58 401 M 27.0% Neutral 21%   8% -11%
SPDR S&P Homebuilders ETF XHB NYSEARCA Consumer Discretionary Homebuilding USD 73.39 716 M 122.5% Weak Up 31%   13% -10%