Global X US Infrastructure Development ETF

PAVE

Market cap $13.5B

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.

Global X US Infrastructure Development ETF is downgraded from buy to hold after strong outperformance and a valuation approaching 25x P/E. Despite bullish seasonality and robust momentum, PAVE's technicals show bearish RSI divergence and resistance at the top of its uptrend channel. The ETF's heavy Industrials and Materials exposure, plus AI/data center ties, increases risk and correlation with the S&P 500.

The reshoring story has moved from a talking point to a capex line item. Three exchange-traded funds offer different ways to position around it: First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR | AIRR Price Prediction), Global X U.S.

Launched on January 31, 2012, the iShares U.S. Power Infrastructure ETF (POWR) is a passively managed exchange traded fund designed to provide a broad exposure to the Utilities - Infrastructure segment of the equity market.

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

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PAVE: Old Economy Paving The Way For Growth

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.