For investors looking for momentum, the iShares Global Infrastructure ETF (IGF -Free Report) is probably on your radar now. The fund just hit a 52-week high and shares of IGF are up roughly 14.41% from their 52-week low price of $37.33/share.

But could more gains be ahead for this ETF? Let’s take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed:

IGF in Focus

IGF focuses on the global infrastructure market. The fund has a large-cap focus with key holdings in the Utilities, Industrials, and Energy sectors. IGF charges investors 47 basis points a year in fees. Its top holdings include Transurban Group, Enbridge Inc. (ENB - Free Report) , and Aena SA, with almost 14.5% of assets allocated to them (see all the Utilities/Infrastructure ETFs here).

Why the move?

The infrastructure sector has been an area to watch lately as Donald Trump’s promises to boost spending by over $1 trillion is a positive. Over 36.5% of the fund assets are allocated to the U.S. and almost 11% to Canada. Canada is planning to launch a government infrastructure bank to spur development of projects across the country, which also contributed to recent gains of the fund.

More Gains Ahead?

The fund has a weighted alpha of 9.9 and a low 14-day standard deviation of 4.77%. So there is definitely still some promise for those who want to ride this surging ETF a little further.