Global X US Infrastructure Development ETF

PAVE

Market cap $14B

ETFs like PAVE offer diversified exposure to AI data center power infrastructure as utilities and grid equipment firms benefit from rising AI build-out spending.

The First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) and the Global X U.S.

Given all the interest and hype over the SpaceX IPO, many advisors and investors have been increasingly gravitating towards thematic ETFs that focus on the space industry. Given that the SpaceX IPO is the largest IPO in history, this should not come as a surprise to anyone.

Launched on March 6, 2017, the Global X U.S. Infrastructure Development ETF (PAVE) is a passively managed exchange traded fund designed to provide a broad exposure to the Utilities - Infrastructure segment of the equity market.

Investors once shrugged off industrials as slow-growth cyclical businesses that lagged tech at every turn. But the AI boom has driven a significant re-rating of the sector.

Utility capital expenditure plans, federal modernization grants, and the power needs of AI data centers have converged into what industry estimates peg at roughly $1.5 trillion in cumulative grid investment over the next decade.

In the 24-hour financial news cycle, there's much buzz surrounding the buildout of infrastructure for artificial intelligence (AI). What about infrastructure beneficial to humans?

Infrastructure ETFs are gaining momentum as grid upgrades, EV charging expansion and decarbonization fuel demand beyond AI.

Exchange traded fund inflows have topped $750 billion in 2026. This puts the industry on pace to challenge the $1.5 trillion annual record set last year, Todd Rosenbluth, head of research at VettaFi, told host Nate Geraci on this week's ETF Prime.

The American grid is being asked to do something it was never designed to do: power an artificial intelligence (AI) build-out, electrify transportation, support reshored manufacturing, and replace aging transmission lines all at the same time.