Global X US Infrastructure Development
(PAVG)
£26.27
Previous business day’s close price
+£7.32 (+38.63%)
max available period
£16.70
£28.77
04 Nov 21
01 Jul 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
3.6%
Trane Technologies plc
3.6%
Quanta Services, Inc.
3.3%
Martin Marietta Materials, Inc.
3.1%
Emerson Electric Co.
3.1%
Parker‑Hannifin Corp.
3.0%
United Rentals, Inc.
3.0%
Sempra Energy
2.9%
Vulcan Materials Co
2.8%
Deere&Co.
2.7%
Howmet Aerospace Inc
2.7%
CSX Corp.
2.5%
Union Pacific Corp.
2.5%
Norfolk Southern Corp.
2.5%
Fastenal Co.
2.5%
Nucor Corp.
2.5%
Rockwell Automation Inc
2.3%
Fortive Corp
2.1%
Hubbell Inc.
1.7%
Carlisle Companies Inc.
1.6%
Steel Dynamics Inc.
1.6%
Westlake Chemical Corp
1.6%
Builders Firstsource Inc
1.5%
Emcor Group, Inc.
1.5%
Jacobs Solutions Inc
1.4%
Reliance Steel&Aluminum Co.
1.3%
IDEX
1.2%
RPM International, Inc.
1.2%
Trimble Inc
1.1%
Graco Inc.
1.1%
Advanced Drainage Systems Inc
1.1%
TopBuild Corp
1.1%
Pentair plc
1.1%
AECOM
1.0%
Tetra Tech, Inc.
0.9%
Woodward Inc
0.9%
Lincoln Electric Holdings, Inc.
0.9%
Regal Rexnord Corp
0.8%
Mastec Inc.
0.7%
Wesco International, Inc.
0.7%
Tutor Perini Corp
0.7%
United States Steel Corp.
0.7%
Acuity Brands, Inc.
0.7%
Eagle Materials Inc.
0.7%
RBC Bearings Inc.
0.7%
Crane
0.6%
Cleveland‑Cliffs Inc
0.6%
Powell Industries, Inc.
0.6%
ATI Inc
0.6%
Alcoa Corp
0.6%
Louisiana‑Pacific Corp.
0.5%
Mueller Industries, Inc.
0.5%
SPX Corp.
0.5%
Commercial Metals Co.
0.5%
Argan, Inc.
0.5%
Valmont Industries, Inc.
0.5%
Primoris Services Corp
0.5%
Badger Meter Inc.
0.5%
Sterling Infrastructure Inc
0.4%
Zurn Elkay Water Solutions Corp
0.4%
Atkore Inc
0.4%
Dycom Industries, Inc.
0.4%
United States Lime&Minerals Inc.
0.4%
MDU Resources Group Inc
0.4%
DXP Enterprises, Inc.
0.4%
Carpenter Technology Corp.
0.4%
Exponent Inc.
0.4%
Granite Construction Inc.
0.4%
Century Aluminum Co.
0.4%
Construction Partners Inc
0.4%
NOW Inc
0.4%
Summit Materials Inc
0.4%
Minerals Technologies, Inc.
0.3%
Arcosa Inc
0.3%
Mueller Water Products Inc
0.3%
CSW Industrials Inc
0.3%
MRC Global Inc
0.3%
Knife River Corp
0.3%
Northwest Pipe Co.
0.3%
Haynes International Inc.
0.3%
Trinity Industries, Inc.
0.3%
Herc Holdings Inc
0.3%
Gorman‑Rupp Co.
0.3%
Greenbrier Companies Inc
0.3%
Terex Corp.
0.3%
TimkenSteel Corp
0.3%
MYR Group Inc
0.3%
Crane Co.
0.3%
Columbus Mckinnon Corp.
0.3%
Materion Corp
0.3%
Insteel Industries, Inc.
0.3%
Gibraltar Industries Inc.
0.2%
Astec Industries Inc.
0.2%
H&E Equipment Services Inc
0.2%
Wabash National Corp.
0.2%
Calix Inc
0.2%
Custom Truck One Source Inc
0.2%
Ryerson Holding Corp.
0.2%
Titan Machinery Inc
0.2%
Others
0.2%
No holdings found.
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North America
94.0%
Europe ex‑UK
4.7%
Rest of the World
1.3%
Industrial
46.9%
Mining
7.3%
Property
5.8%
Consumer
3.4%
Energy
3.3%
Technology
0.2%
Sector ‐ Other
33.0%
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