Those who decided to gain exposure to the global infrastructure industry last year were likely graced with good results. Just as one example, the BNY Global Infrastructure Income ETF (BKGI ) enjoyed potent returns in 2025. BKGI’s NAV rose 37.73% over 12 months, as of December 31, 2025.
However, we are obviously now well into 2026. How are global infrastructure stocks doing today, and will they continue to be strong investments in the years to come?
Brock Campbell, CFA, portfolio manager at BNY Investments Newton, recently took a closer look at the state of play for the global infrastructure industry as part of the BNY Market Pulse series. In the video, Campbell explained why global infrastructure could be a fortuitous investment for not only 2026, but in the years to come.
“Looking ahead to 2026 and beyond, we believe infrastructure remains a compelling global allocation: it offers diversification and low correlation, especially versus mega-cap U.S. technology and broad indices, the potential for attractive dividend yield for income seeking investors, and exposure to several powerful tailwinds,” Campbell said.
Campbell highlighted a few particular tailwinds in particular: AI-driven capital expenditure, an increasing need for senior housing, supply-chain localization, and rising energy demand. These tailwinds, when put together, can drive diversified sources of demand for a variety of different infrastructure companies, ranging from traditional infrastructure stocks to non-traditional infrastructure investments.
Ride Out the Tailwinds of Infrastructure Growth With BKGI
All of these favorable infrastructure trends can play very well into BKGI’s philosophy. Managed by Campbell, BKGI takes a highly diversified approach to infrastructure investing, by not only investing in global stocks, but looking at non-traditional infrastructure companies as well.
The question is, what does BNY consider non-traditional infrastructure companies? Well, traditional infrastructure funds usually focus on companies in the utilities, industrials, and energy sectors. BKGI does invest in these sorts of companies, but also expands its view to include non-traditional infrastructure companies, including stocks in sectors like communication services, real estate, and health care. This approach can help BKGI tap into a broader opportunity set and tackle additional tailwinds that other infrastructure funds may be missing out on, such as the growing need for senior housing.
Much like 2025, BKGI’s performance this year has already been quite impressive. As of February 28, 2026, BKGI’s NAV has risen 14.55% year-to-date. Meanwhile, the fund is also posting strong income, with an annualized dividend yield of 4.75% as of February 28, 2026.
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