Global X US Infrastructure Development
(PAVG)
£22.83
Previous business day’s close price
+£3.66 (+19.08%)
max available period
£16.70
£23.59
05 Nov 21
29 Sep 23
Details
The US Infrastructure Development UCITS ETF (PAVG) invests in companies set to benefit from increased infrastructure spending in the United States—from raw material extraction to heavy equipment production to engineering and construction.
At the end of 2021, the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) was signed into law, directing significant government funding to a range of infrastructure projects including roads, bridges, broadband access, electrification, and clean water initiatives. The legislation also supports the advancement of cleantech such as electric vehicle charging stations, carbon capture, and wind and solar power.
However, most programmes funded represent long‑term investments which will not translate into new projects until possibly the mid‑2020s. For reference, the Congressional Budget Office forecasts suggest the federal government will disburse 51% of authorised IIJA funding by 2026 and 86% by 2031. The gradual implementation of infrastructure funding in the US should generate tailwinds for investors for years to come.
Ticker: PAVG
ISIN: IE00BLCHJ641
Full Name: Global X U.S. Infrastructure Developments UCITS ETF
At the end of 2021, the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) was signed into law, directing significant government funding to a range of infrastructure projects including roads, bridges, broadband access, electrification, and clean water initiatives. The legislation also supports the advancement of cleantech such as electric vehicle charging stations, carbon capture, and wind and solar power.
However, most programmes funded represent long‑term investments which will not translate into new projects until possibly the mid‑2020s. For reference, the Congressional Budget Office forecasts suggest the federal government will disburse 51% of authorised IIJA funding by 2026 and 86% by 2031. The gradual implementation of infrastructure funding in the US should generate tailwinds for investors for years to come.
Ticker: PAVG
ISIN: IE00BLCHJ641
Full Name: Global X U.S. Infrastructure Developments UCITS ETF
Key information
ETF Breakdown
Parker‑Hannifin Corp.
3.5%
Trane Technologies plc
3.3%
United Rentals, Inc.
3.2%
Emerson Electric Co.
3.0%
Fastenal Co.
3.0%
Rockwell Automation Inc
2.9%
Nucor Corp.
2.9%
Quanta Services, Inc.
2.8%
Vulcan Materials Co
2.8%
Union Pacific Corp.
2.7%
Fortive Corp
2.7%
Martin Marietta Materials, Inc.
2.7%
Deere&Co.
2.6%
CSX Corp.
2.5%
Norfolk Southern Corp.
2.1%
Builders Firstsource Inc
2.0%
Howmet Aerospace Inc
1.9%
Steel Dynamics Inc.
1.7%
Hubbell Inc.
1.7%
Jacobs Solutions Inc
1.6%
IDEX
1.6%
Westlake Chemical Corp
1.5%
Reliance Steel&Aluminum Co.
1.5%
Costamare Inc
1.4%
Graco Inc.
1.2%
RPM International, Inc.
1.2%
Trimble Inc
1.2%
Pentair plc
1.1%
Emcor Group, Inc.
1.0%
Lincoln Electric Holdings, Inc.
1.0%
Regal Rexnord Corp
1.0%
Advanced Drainage Systems Inc
1.0%
TopBuild Corp
0.9%
Tetra Tech, Inc.
0.8%
Wesco International, Inc.
0.8%
Woodward Inc
0.8%
Cleveland‑Cliffs Inc
0.7%
United States Steel Corp.
0.7%
Mastec Inc.
0.7%
RBC Bearings Inc.
0.7%
Eagle Materials Inc.
0.7%
Sterling Infrastructure Inc
0.6%
Comcast Corp
0.6%
Atkore Inc
0.6%
Powell Industries, Inc.
0.6%
ATI Inc
0.6%
Valmont Industries, Inc.
0.5%
Zurn Elkay Water Solutions Corp
0.5%
Acuity Brands, Inc.
0.5%
Alcoa Corp
0.5%
Badger Meter Inc.
0.5%
Exponent Inc.
0.4%
Louisiana‑Pacific Corp.
0.4%
Mueller Industries, Inc.
0.4%
Carpenter Technology Corp.
0.4%
Terex Corp.
0.4%
MDU Resources Group Inc
0.4%
MYR Group Inc
0.4%
Summit Materials Inc
0.4%
Gibraltar Industries Inc.
0.4%
CSW Industrials Inc
0.4%
Greenbrier Companies Inc
0.4%
Construction Partners Inc
0.4%
Arcosa Inc
0.4%
Herc Holdings Inc
0.4%
SPX Corp.
0.4%
DXP Enterprises, Inc.
0.3%
Primoris Services Corp
0.3%
Astec Industries Inc.
0.3%
Insteel Industries, Inc.
0.3%
Gorman‑Rupp Co.
0.3%
Materion Corp
0.3%
Argan, Inc.
0.3%
Crane Co.
0.3%
Calix Inc
0.3%
Mueller Water Products Inc
0.3%
TimkenSteel Corp
0.3%
Dycom Industries, Inc.
0.3%
Granite Construction Inc.
0.3%
Columbus Mckinnon Corp.
0.3%
Knife River Corp
0.3%
Tutor Perini Corp
0.3%
Custom Truck One Source Inc
0.3%
Haynes International Inc.
0.3%
Ryerson Holding Corp.
0.2%
1&1 AG
0.2%
NOW Inc
0.2%
Northwest Pipe Co.
0.2%
Trinity Industries, Inc.
0.2%
Minerals Technologies, Inc.
0.2%
Wabash National Corp.
0.2%
MRC Global Inc
0.2%
Century Aluminum Co.
0.2%
Titan Machinery Inc
0.2%
Eaton Corporation plc
< 0.1%
Others
< 0.1%
No holdings found.
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North America
88.5%
Europe ex‑UK
2.8%
Rest of the World
0.6%
Industrial
45.7%
Mining
6.4%
Property
4.7%
Consumer
4.1%
Technology
1.1%
Energy
0.4%
Sector ‐ Other
29.5%
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