This fund is full of the world’s largest construction and engineering firms, heavy-equipment makers, and building-material producers. Fluor, which we featured last week, is a large weighting. Also included is Valmont (utility poles and irrigation equipment), Tetra Tech (water), and Terex (excavators and cranes).

The PKB soared from mid-2006 to mid-2007. Infrastructure investors gained 50% in just 12 months. The soaring turned to sinking last year as the credit crisis hammered shares related to global growth. The PKB is now holding steady around $18. So… has infrastructure put in its low?

Our guess is yes. U.S. infrastructure has earned a widely publicized “F” grade. The blossoming BRIC nations require bridges, roads, refineries, pipelines, and ports to continue growing. The Middle East is bathing in cash and needs to upgrade its ability to pump and process crude oil. This industry has an unimaginable amount of money headed toward it… think $41 trillion. We’re placing this trend in the “no brainer” category.

Source: The Infrastructure Correction Is Over