As the global economy prepares for life after the COVID-19 pandemic, we find that many investors' attention has begun to shift towards industries and themes that may benefit. We view industrial, manufacturing, and infrastructure stocks as potential beneficiaries of a cyclical rebound in earnings in the months ahead, but also believe many of these stocks may benefit from several longer-term trends, such as the growing likelihood of large-scale public infrastructure spending and the desire of many companies to bolster their supply chains. Moreover, we believe valuations for many of these companies seem relatively attractive. In this report, we provide a brief overview of the methodologies of four First Trust ETFs that provide exposure to industrial, infrastructure and manufacturing stocks.
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