These ETFs will thrive as U.S. manufacturing investment grows, Bank of America says

Investors who want to bet on a continued rebound in U.S. manufacturing should take a look at ETFs that hold stocks across different sectors to capture the theme, according to Bank of America. The bank's ETF strategist Jared Woodard launched coverage of funds tracking this theme earlier this month. The idea has seen increased interest in recent years amid rising trade tensions and efforts of both Republicans and Democrats to boost domestic manufacturing. "The agenda is well known: 1.

mountain This ETF has outperformed the S & P 500 over the past decade. "The fund has the most small and mid-cap exposure relative to other funds in our coverage. While AIRR has the highest expense ratio of the group, it has the best 5Y risk adjusted returns," the Bank of America note said. The fund's expense ratio is 0.70%. Second on Bank of America's list is the Global X US Infrastructure ETF .

is more heavily focused on industrial and materials stocks than AIRR. Its top holdings include refrigeration equipment maker Trane Technologies and industrial equipment provider United Rentals , again with no one stock accounting for 4% or more of the fund. "The fund screens for companies that derive their revenue from construction, engineering, raw materials, related productions and equipment, and industrial transportation," the Bank of America note said.

also has a lower management fund than AIRR, with a cost of 0.47%.

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