In the presidential campaign of 2016, both aspirants, Donald Trump and Hillary Clinton, talked up the concept of infrastructure investment. Savvy investors might have concluded that no matter who won the presidency it would be a good idea to invest in companies that would be involved in infrastructure work.
So the question is, where does one turn for such investments? The obvious answer would be a niche real estate investment trust category called “infrastructure” that includes six publicly traded companies. And you would be wrong to go there, as these companies do not focus on repairing bridges, fixing roads or anything similar. All these infrastructure companies focus on communications or energy transmission.
“Infrastructure has gotten a lot of play from both sides of the aisle and we do have a need to upgrade and invest in infrastructure,” notes Larry Varellas, a tax partner with Deloitte. “The issue with infrastructure assets lik