Global X US Infrastructure Development
(PAVG)
£28.54
Previous business day’s close price
+£9.59 (+50.58%)
max available period
£16.70
£28.77
04 Nov 21
09 May 24
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
Eaton Corporation plc
3.4%
Martin Marietta Materials, Inc.
3.2%
Parker‑Hannifin Corp.
3.1%
Trane Technologies plc
3.1%
Emerson Electric Co.
3.1%
Nucor Corp.
3.1%
United Rentals, Inc.
3.0%
Quanta Services, Inc.
2.9%
Deere&Co.
2.8%
Vulcan Materials Co
2.7%
Norfolk Southern Corp.
2.7%
CSX Corp.
2.7%
Sempra Energy
2.7%
Fastenal Co.
2.7%
Union Pacific Corp.
2.6%
Rockwell Automation Inc
2.4%
Fortive Corp
2.3%
Howmet Aerospace Inc
2.1%
Steel Dynamics Inc.
1.8%
Builders Firstsource Inc
1.8%
Hubbell Inc.
1.7%
Westlake Chemical Corp
1.6%
Reliance Steel&Aluminum Co.
1.5%
Jacobs Solutions Inc
1.5%
Carlisle Companies Inc.
1.5%
IDEX
1.4%
Emcor Group, Inc.
1.3%
Graco Inc.
1.2%
Trimble Inc
1.2%
Lincoln Electric Holdings, Inc.
1.1%
RPM International, Inc.
1.1%
Pentair plc
1.1%
AECOM
1.1%
Advanced Drainage Systems Inc
1.0%
TopBuild Corp
1.0%
Cleveland‑Cliffs Inc
0.9%
Regal Rexnord Corp
0.9%
Tetra Tech, Inc.
0.8%
Woodward Inc
0.7%
United States Steel Corp.
0.7%
Eagle Materials Inc.
0.7%
Wesco International, Inc.
0.7%
Acuity Brands, Inc.
0.6%
Crane
0.6%
RBC Bearings Inc.
0.6%
Mastec Inc.
0.5%
ATI Inc
0.5%
Commercial Metals Co.
0.5%
Atkore Inc
0.5%
Alcoa Corp
0.5%
Mueller Industries, Inc.
0.5%
Powell Industries, Inc.
0.5%
Zurn Elkay Water Solutions Corp
0.5%
Century Aluminum Co.
0.4%
Badger Meter Inc.
0.4%
DXP Enterprises, Inc.
0.4%
Tutor Perini Corp
0.4%
Louisiana‑Pacific Corp.
0.4%
SPX Corp.
0.4%
NOW Inc
0.4%
MDU Resources Group Inc
0.4%
Argan, Inc.
0.4%
Primoris Services Corp
0.4%
Sterling Infrastructure Inc
0.4%
Valmont Industries, Inc.
0.4%
Summit Materials Inc
0.4%
United States Lime&Minerals Inc.
0.4%
Herc Holdings Inc
0.4%
Knife River Corp
0.4%
Astec Industries Inc.
0.3%
Terex Corp.
0.3%
Construction Partners Inc
0.3%
Granite Construction Inc.
0.3%
Exponent Inc.
0.3%
Dycom Industries, Inc.
0.3%
Carpenter Technology Corp.
0.3%
MYR Group Inc
0.3%
H&E Equipment Services Inc
0.3%
Haynes International Inc.
0.3%
MRC Global Inc
0.3%
Greenbrier Companies Inc
0.3%
Mueller Water Products Inc
0.3%
Northwest Pipe Co.
0.3%
Arcosa Inc
0.3%
CSW Industrials Inc
0.3%
Columbus Mckinnon Corp.
0.3%
Minerals Technologies, Inc.
0.3%
Gorman‑Rupp Co.
0.3%
TimkenSteel Corp
0.3%
Trinity Industries, Inc.
0.3%
Crane Co.
0.3%
Materion Corp
0.3%
Wabash National Corp.
0.3%
Insteel Industries, Inc.
0.3%
Ryerson Holding Corp.
0.3%
Gibraltar Industries Inc.
0.2%
Titan Machinery Inc
0.2%
Custom Truck One Source Inc
0.2%
Calix Inc
0.2%
Others
0.2%
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North America
94.1%
Europe ex‑UK
4.5%
Rest of the World
1.4%
Industrial
46.9%
Mining
7.4%
Property
5.2%
Consumer
3.7%
Energy
3.1%
Technology
0.2%
Sector ‐ Other
33.5%
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