'Obama funds' tipped by The Share Centre

Certain private bank investment funds could benefit from policies enacted by new US president Barack Obama, it has been claimed.

Researchers at The Share Centre indicated that the $787 billion fiscal stimulus package put together by the administration and passed by Congress earlier this year could boost returns from infrastructure funds.

This is because large government-funded public works projects are included in the reforms.

With increased investment in renewable energy and an overhaul to the US healthcare system on the agenda for the administration, the investment experts also tipped funds which have exposure to energy and drug company stocks.

Sheridan Admans, investment adviser at The Share Centre, added: ’While the long term effectiveness of Obama’s ... fiscal package remains to be seen, there are some areas of the American economy that are in a relatively healthy position to benefit from his plans and a number of investments poised to exploit the opportunities they represent.

’One way the US government is seeking to encourage economic growth is by filtering capital into the economy via infrastructure-based projects. Obama has already set aside $27.5 billion for highway construction, and $20 billion for air, rail and public transportation ... [infrastructure funds] may prove to be attractive option for investors.’ADNFCR-2318-ID-19145572-ADNFCR