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These ETFs are winners if Biden’s infrastructure plan is passed, Bank of America says

A Skanska AB construction worker guides a crane carrying lumber as a concrete boom pours concrete on the Sixth Street Viaduct replacement project in Los Angeles, California, U.S. on Tuesday, April 6, 2021.
Bing Guan | Bloomberg | Getty Images

President Joe Biden's ambitious infrastructure package could spell big upside for a handful of exchange-traded funds with exposure to the semiconductor, health care and industrials sectors, Bank of America told its clients.

ETF strategist Jared Woodard wrote that the end of the Covid-19 pandemic and Biden's $2 trillion infrastructure plan are expected to spark a "boom" in capital expenditures as companies build new factories and plants in the U.S.

That, in turn, will benefit a host of sectors involved in the construction of roads and bridges, the expansion of broadband access and the manufacturing of electric vehicles, Woodard added.

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