Global X US Infrastructure Development ETFPAVEBUYJan 10, 2022Stock price when the opinion was issued
As of Jun 08, 2026. Market Open.
Broadly speaking, likes industrials. In general, infrastructure spend will be higher, and this one's right in the infrastructure space. Contains more mid-caps. Overall US economy is not going into recession, so some of these names are undervalued. This sector has room to catch up to technology. Makes a lot of sense. Brand-new 52-week high today.
PAVE is hitting new highs, and if one wants specific US infrastructure exposure we would be quite comfortable with it. Assets are $6B, fees 0.47%, 5-year annualized return +19.9%. It is always hard to time a dip. In a scenario like this, we would consider this a portfolio diversification decision as opposed to a pricing decision. We would be fine at $36.
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