Now, the window is opening on orders for the components that will go into the construction, he added.
One of those exchange-traded funds is TCW Transform Supply Chain ETF (SUPP), a play on the reshoring theme.
"[Yet] in just [the past] six months, we've added about $300 billion of orders for mega projects," he added.
"The United States is experiencing a once-in-a-generation onshoring boom," the company said during its Oct. 27 conference call.
Another top holding is Martin Marietta Materials , which produces the aggregates used for construction projects.
Persons:
Chris Snyder, Eli Horton, we've, there's, Horton, Snyder, Eaton, Craig Arnold, Arnold, Martin Marietta, Hortons, we're, Michael Bloom, Nick Wells
Organizations:
UBS, Federal Reserve, hasn't, Steel, Trane Technologies, Waste Management, Martin, Martin Marietta Materials
Locations:
U.S, United States