VanEck FTSE Global Infrastructure ETF (ASX: IFRA) $25.50

The IFRA ETF gives ASX investors diversified exposure to the world’s essential infrastructure operators, and can be considered the boring backbone of the AI buildout, and by definition comes with lower volatility. It lacks the glamour of the pure AI plays, but data centres need vast amounts of power, cooling and physical infrastructure, making the heavy industries behind the AI buildout increasingly relevant as adoption accelerates.

• We like this ETF, but a pullback toward $24.50 wouldn’t surprise – MM owns the IFRA ETF in our Core ETF Portfolio.