With countries around the world spending trillions of dollars to renew aging bridges, railways and highways, infrastructure investing is becoming an attractive addition to many investors’ portfolios. To help investors learn more about this growth in infrastructure investing, Winnipeg Free Press recently turned to Sightline Wealth Management for insight.
“Around the world a lot of infrastructure is aging and, in turn, there is a lot of money being spent,” says Sightline Wealth Management Senior Vice President and Investment Advisor Paul de Sousa. One example of this is the Infrastructure Investment and Jobs Act in the U.S., which features $550 billion in infrastructure spending over the next five years.
However, the U.S. is not the only North American country investing largely in its infrastructure. Canada is also spending plenty, with more than $180 billion currently invested in infrastructure or to be spent in coming years. “Canada is really a leader in infrastructure when it comes to investment,” de Sousa tells the publication.
With such a vast amount of capital going into infrastructure, investors may want to consider incorporating this asset into their portfolios. While these types of investments may not be as fast-growing as the technology sector, de Sousa says that infrastructure does offer steady growth.
“It’s definitely an underutilized component in portfolios,” he explains. “So if investors haven’t yet done so, they should give infrastructure a long look.”
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