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Invested thematics
US Infrastructure
A D+ grade that has not moved in four years is a spending commitment waiting for a political window.
Key takeaways
- US infrastructure earns a D+ on the ASCE Report Card, unchanged from the previous assessment four years earlier.
- The ASCE estimates $4.5 trillion of spending is needed to improve roads, bridges, dams, airports and schools.
- The strategy reads exposure along three axes: discipline, speciality and building sector.
Strategy facts
- Vehicle
- Actively managed certificate
- Class
- Invested thematic
- Currency
- USD
- Inception
- Product code
- CE0078ALU
- ISIN
- XS2426372756
- Product code
- CE0079ALU
- ISIN
- XS2426372673
- Product code
- CE0080ALU
- ISIN
- XS2426372590
- Product code
- CE0081ALU
- ISIN
- XS2426372327
- Status
- Open
Documents
Monthly report
Term sheet
- Term sheet — CE0078ALU / XS2426372756
- Term sheet — CE0079ALU / XS2426372673
- Term sheet — CE0080ALU / XS2426372590
- Term sheet — CE0081ALU / XS2426372327
Two-pager
The revenge of the bricks
According to the American Society of Civil Engineers' Infrastructure Report Card, published every four years, US infrastructure earns a D+. It earned the same grade four years earlier. The ASCE estimates the country needs to spend some $4.5 trillion to improve the state of its roads, bridges, dams, airports and schools.
A graded deficit that does not improve between assessments is a spending commitment waiting for a political window. US infrastructure became a pillar of the social and economic reconstruction agenda, and the issuance follows the appropriation.
How the universe is built
The investable set is read along three axes, because a firm's exposure to the spend depends on which of them it sits in: the discipline it practises, the speciality it sells, and the building sector it serves.
| Axis | Contents |
|---|---|
| Discipline | Architecture · Engineering · Construction |
| Speciality | Design-build · Green building · Integrated project delivery · Reconstruction work |
| Building sector | Airport terminals · Convention and cultural facilities · Government and military · Healthcare · Data centres · Science and technology · Industrial · Office · Hotel · School and university |