Global X US Infrastructure Development
(PAVG)
£27.84
Previous business day’s close price
+£8.89 (+46.88%)
max available period
£16.70
£28.77
04 Nov 21
26 Apr 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
3.3%
United Rentals, Inc.
3.2%
Martin Marietta Materials, Inc.
3.1%
Trane Technologies plc
3.0%
Parker‑Hannifin Corp.
3.0%
Emerson Electric Co.
3.0%
Nucor Corp.
3.0%
Quanta Services, Inc.
2.9%
Fastenal Co.
2.8%
Vulcan Materials Co
2.8%
CSX Corp.
2.7%
Deere&Co.
2.7%
Norfolk Southern Corp.
2.7%
Union Pacific Corp.
2.6%
Sempra Energy
2.6%
Rockwell Automation Inc
2.5%
Fortive Corp
2.3%
Howmet Aerospace Inc
2.2%
Builders Firstsource Inc
2.0%
Steel Dynamics Inc.
1.8%
Hubbell Inc.
1.7%
Westlake Chemical Corp
1.5%
Jacobs Solutions Inc
1.5%
Reliance Steel&Aluminum Co.
1.5%
Carlisle Companies Inc.
1.5%
IDEX
1.4%
Emcor Group, Inc.
1.3%
Trimble Inc
1.2%
Graco Inc.
1.2%
RPM International, Inc.
1.2%
Lincoln Electric Holdings, Inc.
1.1%
Pentair plc
1.1%
TopBuild Corp
1.1%
Advanced Drainage Systems Inc
1.0%
AECOM
1.0%
Regal Rexnord Corp
0.9%
Cleveland‑Cliffs Inc
0.9%
Tetra Tech, Inc.
0.8%
Eagle Materials Inc.
0.7%
Woodward Inc
0.7%
United States Steel Corp.
0.7%
Wesco International, Inc.
0.7%
Acuity Brands, Inc.
0.7%
RBC Bearings Inc.
0.6%
Crane
0.6%
Mastec Inc.
0.6%
Atkore Inc
0.5%
Commercial Metals Co.
0.5%
ATI Inc
0.5%
Louisiana‑Pacific Corp.
0.5%
Powell Industries, Inc.
0.5%
Mueller Industries, Inc.
0.5%
Alcoa Corp
0.5%
Zurn Elkay Water Solutions Corp
0.5%
Tutor Perini Corp
0.4%
DXP Enterprises, Inc.
0.4%
SPX Corp.
0.4%
Summit Materials Inc
0.4%
NOW Inc
0.4%
Sterling Infrastructure Inc
0.4%
MDU Resources Group Inc
0.4%
Badger Meter Inc.
0.4%
Herc Holdings Inc
0.4%
Valmont Industries, Inc.
0.4%
Knife River Corp
0.4%
Century Aluminum Co.
0.4%
Primoris Services Corp
0.3%
Construction Partners Inc
0.3%
United States Lime&Minerals Inc.
0.3%
Terex Corp.
0.3%
MYR Group Inc
0.3%
Granite Construction Inc.
0.3%
H&E Equipment Services Inc
0.3%
Arcosa Inc
0.3%
Astec Industries Inc.
0.3%
Dycom Industries, Inc.
0.3%
Exponent Inc.
0.3%
MRC Global Inc
0.3%
Northwest Pipe Co.
0.3%
Columbus Mckinnon Corp.
0.3%
Wabash National Corp.
0.3%
Gorman‑Rupp Co.
0.3%
Argan, Inc.
0.3%
Minerals Technologies, Inc.
0.3%
Greenbrier Companies Inc
0.3%
Haynes International Inc.
0.3%
Mueller Water Products Inc
0.3%
CSW Industrials Inc
0.3%
Insteel Industries, Inc.
0.3%
Materion Corp
0.3%
TimkenSteel Corp
0.3%
Trinity Industries, Inc.
0.3%
Carpenter Technology Corp.
0.3%
Crane Co.
0.3%
Gibraltar Industries Inc.
0.3%
Ryerson Holding Corp.
0.3%
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
94.3%
Europe ex‑UK
4.4%
Rest of the World
1.3%
Industrial
46.5%
Mining
7.4%
Property
5.2%
Consumer
3.8%
Energy
3.0%
Technology
0.2%
Sector ‐ Other
33.9%
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