The top five holdings of this ETF are: PulteGroup Inc (PHM, 5.46% of assets), Tractor Supply Co (TSCO, 5.42%), D.R. Horton Inc (DHI, 5.23%), The Home Depot Inc (HD, 5.23%), and AAON Inc (AAON, 5.12%).
PowerShares Dynamic Building & Const ETF (PKB)
From The Personal Capitalist
We see a policy path toward infrastructure expansion over time as we rebuild America. We map the impact of a $1 trillion spending bill. There are sector and stock implications across autos, machinery, transportation and metals, and mining. We are thinking “Patch up America” where infrastructure spending returns to its longer-run average share of GDP; a $1.1 trillion package over 10 years raises GDP growth by .2pp in the first year and .1pp on average over 10 years.
“Rebuild America,” the bull case here, would find spending exceeding the longer-term run
average to make up for past shortfalls. We will be closely watching federal action to accelerate the infrastructure initiatives. We like PowerShares Dynamic Building & Const ETF (PKB)
to give us diversification in this all-important sector.
Sean Christian, The Personal Capitalist, 9524 East 81st Street, Suite B #1715, Tulsa, OK 74133, May 15, 2018