Gabelli RBI Nextshares presented by Portfolio Manager Brian Sponheimer

Gabelli RBI Nextshares presented by Portfolio Manager Brian Sponheimer

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Transcript:
Hi I’m Brian Sponheimer, portfolio manager of Gabelli RBI NextShares, a new ETMF, or Exchange Traded, Managed Fund, trading under the ticker GRBIC.

RBI Stands for Roads, Bridges, and Infrastructure, and the fund’s focus will be in actively investing in companies set to benefit from what we believe will be a prolonged period of reinvestment in physical assets both in the US and Abroad, all through the lens of Gabelli’s Private Market Value methodology.

Today we’re highlighting the need for Surface Transportation investment, in the first of what will be a series of pieces examining various areas set for infrastructure investment growth.

Surface Transportation is arguably the most visible and obvious segment of our infrastructure in need of significant reinvestment. From potholed roads to crumbling bridges, America’s transportation network is in massive need of repair. Apart from the glaring decay, traffic delays and excess fuel consumption contribute up to $160 billion per year in indirect costs to Americans. Traffic delays cost American workers up to 7 billion hours and just over 3.1 billion gallons of fuel each year – the equivalent of over a week of work and three weeks of gas.

Events in recent years provide some optimism. On December 4th, 2015, the Fixing America’s Surface Transportation Act (FAST Act) was signed into law. This was the first long term highway funding bill enacted in over a decade Authorizing $305 billion over fiscal years five years. the act provided funding mechanisms for surface transportation as well as incorporated changes to permitting processes to speed up delivery of projects.

We see more investment is on the way, either through highway privatization efforts or new state initiatives.

From our perspective, this area of infrastructure spend is ripe with company-specific investment opportunities, in areas such as machinery manufacturers, equipment rental companies, engineering & construction firms, along with pump, valve, and drainage component suppliers – sectors where our firm has an accumulated knowledge for over 4 decades.

For more information on Gabelli RBI Nextshares, please visit Gabelli.com, or call 1-800-GABELLI



Source: Gabelli TV (via YouTube)
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