KGI Research Singapore

Singapore's leading broker offering Futures, FX, Equities and Wealth Management.

29 November 2022: Wealth Product Ideas

Fund Name (Ticker)iShares Global Infrastructure ETF (IGF)
DescriptionThe iShares Global Infrastructure ETF seeks to track the investment results of an index composed of developed market equities in the infrastructure industry.
Asset ClassEquity
30-Day Average Volume (as of 25 Nov)501,054.00
Net Assets of Fund (as of 25 Nov)$3,836,159,352
12-Month Trailing Yield (as of 31 Oct)2.68%
P/E Ratio (as of 24 Nov)22.09
P/B Ratio (as of 24 Nov)2.00
Management Fees0.40%

Top 10 Holdings

(as of November 25, 2022)

  • BUY Entry – 46.0 Target – 50.0 Stop Loss – 43.5
  • Bipartisan Infrastructure Law (Infrastructure Investment and Jobs Act)
    • In November 2021, Congress approved the largest federal investment in decades.
    • Combined with the President’s Build Back Framework, it will add on average 1.5 million jobs per year for the next 10 years.
    • modernise the U.S. infrastructure landscape 
    • Key areas invested in:
      • $55 billion to expand access to clean drinking water for households, businesses, schools, and child care centers all across the country
      • $65 billion to help ensure that every American has access to reliable high-speed internet through a historic investment in broadband infrastructure deployment
      • $110 billion in additional funding to repair our roads and bridges and support major, transformational projects
      • $89.9 billion in guaranteed funding for public transit over the next five years
      • $17 billion in port infrastructure and waterways and $25 billion in airports to address repair and maintenance backlogs, reduce congestion and emissions near ports and airports, and drive electrification and other low-carbon technologies
      • $66 billion in additional rail funding to eliminate the Amtrak maintenance backlog, modernize the Northeast Corridor, and bring world-class rail service to areas outside the northeast and mid-Atlantic
      • $7.5 billion to build out a national network of EV chargers in the United States
      • more than $65 billion investment includes the largest investment in clean energy transmission and grid in American history
      • over $50 billion to protect against droughts, heat, floods and wildfires, in addition to a major investment in weatherization
      • $21 billion clean up Superfund and brownfield sites, reclaim abandoned mine land and cap orphaned oil and gas wells

Source: Bloomberg

Fund Name (Ticker)The Health Care Select Sector SPDR® Fund (XLV)
DescriptionThe Health Care Select Sector SPDR® Fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Health Care Select Sector Index.
Asset ClassEquity
30-Day Average Volume (as of 25 Nov)7,945,661
Net Assets of Fund (as of 23 Nov)$57,645,518.13
P/E Ratio (as of 23 Nov)16.82
P/B Ratio (as of 23 Nov)4.86
Management Fees0.10%

Top 10 Holdings

(as of November 23, 2022)

  • BUY Entry – 135 Target – 145 Stop Loss – 130
  • Healthcare is a defensive sector.
  • Financial institutions are more interested in the healthcare sector
    • Opportunity for growth – ranging from home healthcare, virtual care delivery, to healthcare analytics
    • Provide funding and resources necessary for innovation that may improve healthcare in the coming generation
    • In an ideal world, private equity based healthcare should increase access to tools, funding, and opportunities to improve healthcare services, while also balancing an enterprise that ultimately prioritizes patient value and care.

Source: Bloomberg

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