Global X US Infrastructure Development ETF

PAVE

Market cap $9.81B

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

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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.

Global X U.S. Infrastructure Development ETF offers targeted exposure to U.S. infrastructure, benefiting from major secular trends and government spending. PAVE has outperformed broader markets long-term, gaining 186% over five years, despite slight recent underperformance versus the S&P 500. Compared to peers, PAVE provides purer infrastructure exposure, better diversification, and has outpaced the Industrial Select Sector SPDR Fund since inception.

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 03/06/2017.

I reiterate my buy rating on PAVE, citing strong momentum and robust inflows into Industrials and Materials sectors. PAVE benefits from a bullish technical setup, with a golden cross and RSI in a positive range, approaching all-time highs. The ETF's valuation remains reasonable, trading at a slight discount to the S&P 500, despite recent price appreciation.

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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 03/06/2017.

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