Advisory firms are looking closely at a number of investment sectors that are almost certain to get a boost under a Biden administration with a Democratic-controlled Congress, analysts and advisors said.

Infrastructure construction, extension of 5G technology and clean technology are among the areas where investment opportunity already is being realized and will be further enhanced this year, they said.

“There is a confluence of factors that have occurred since the election” that will continue through 2021, Andrew Little, research analyst at Global X, a New York City-based provider of global exchange-traded funds with $15 billion in AUM, said in an interview Friday. Recent events already have boosted some sectors.

“Investing around domestic infrastructure is going to be a good opportunity, with a large portion of that focus devoted to the development of clean technologies,” he added.

In particular, areas such as gas and electric utilities that were not impacted to any large degree by the pandemic because they are essential services, will benefit from more support that is expected under Biden, Nick Langley, managing director and portfolio manager at ClearBridge Investments, an active equity manager with more than $176 billion in AUM, added in a statement. Langley co-manages global infrastructure investment strategies for ClearBridge.

Because Biden has said he wants to devote $2 trillion to spending in a number of areas, including infrastructure, ClearBridge is particularly bullish about opportunities in all of the sectors related to construction and maintenance of roads, bridges and tunnels, Langley said.

Opportunities also will be spawned in the auto industry, even with the more environmentally friendly regulations that are anticipated. Automakers should be well positioned to thrive since many automakers already have planned for a much lower carbon emission economy, Morningstar Director of Policy Research Aron Szapiro added in a statement.

“A bright spot for the auto industry will be the development and distribution of electric vehicles,” Little said.

Addressing climate change, which Biden is expected to emphasize, does not just involve promoting new clean energy projects. It also will mean retrofitting existing buildings and utility production facilities. “For instance, we are going to have to decarbonize the utility sector,” Little said.

The development of expanded 5G technology will enable smarter transit systems and smarter city planning.

Another sector to watch is cannabis and all of its related needs for growing, distribution and accessories, he added.

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