Podcast: An Investor’s Guide to Infrastructure in 2025
From sidewalks to skyscrapers, ETF strategist Bipan Rai, Portfolio Manager Massimo Bonansinga, and your host, Andrew Vachon, drill down on the critical role infrastructure plays in economic growth and recovery. They also discuss how the sector has been impacted by the global trade war and share where they see potential opportunities.
Andrew Vachon is Vice President of Product Marketing at BMO Global Asset Management (GAM). He is joined on the podcast by Bipan Rai, Head of ETF Strategy, Exchange Traded Funds, BMO GAM, and Massimo Bonansinga, Portfolio Manager (Industrials and Utilities), Global Equity, BMO GAM. The episode was recorded live on Friday, May 30, 2025.
Funds mentioned:
Beta: A measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole.
CapEx: Refers to capital expenditure, the money an organization spends to buy, maintain, or improve its fixed assets.
Correlation: A statistical measure of how two securities move in relation to one another. Positive correlation indicates similar movements, up or down together, while negative correlation indicates opposite movements (when one rises, the other falls).
Duration: A measure of a bond’s sensitivity to changes in interest rates. It is expressed in years and helps investors understand how much the price of a bond is likely to change when interest rates move. Essentially, duration estimates the percentage change in a bond’s price for a 1% change in interest rates.
Fiscal Multiplier: A way to measure the impact of a change in government spending or taxation on a country’s gross domestic product.
Magnificent 7 Stocks: Apple, Alphabet, Microsoft, Amazon, Meta, Tesla, and Nvidia.
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