Why the US infrastructure sector has 'powerful tailwinds' on the cards

The US political landscape remains deeply divided as Republicans and Democrats gear up for next year's Presidential election.

But there is one area of US public policy that has agreement from both sides of the political spectrum: the desperate need for investment in the US's ailing infrastructure.  A $2trn spending programme is on the table, but few concrete steps have been taken. The critical assets that provide society's essential services - from water and electricity networks to highways and airports - remain creaking at the seams. Are infrastructure stocks really 'bond proxies'? Even without political impetus, the breadth and depth of listed infrastructure businesses in the US provide ample opportunit...