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ETF of the Week: Global X US Infrastructure Development ETF (PAVE)
VettaFi's Head of Research Todd Rosenbluth discussed the Global X US Infrastructure Development ETF (PAVE) on this week's “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” For more news, information, and analysis, visit VettaFi | ETF Trends.
Etftrends | 2 years ago
PAVE: AI Luster Loses Steam Among U.S. Infrastructure Plays (Rating Downgrade)
Global growth estimates for 2024 are increasing, but election risk is causing volatility in some markets, with infrastructure firms showing some weakness. The Global X U.S. Infrastructure Development ETF has seen a surge in assets under management, but its valuation and momentum are concerning after the big rally since Q4 2023. PAVE has high exposure to cyclical sectors and has endured relative weakness recently, but bullish seasonal trends may support near-term price action.
Seekingalpha | 2 years ago
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