IPAV - ETF AI Analysis
Top Page
Global X Infrastructure Development ex-U.S. ETF (IPAV)
Rating:56Neutral
Price Target:―
Positive Factors
Strong Core Holdings
Several of the largest positions, including major railway and materials companies, have shown strong year-to-date performance, helping support the fund’s overall returns.
Broad Country Diversification
The ETF spreads its investments across many countries such as India, Japan, Europe, and others, which helps reduce the impact of problems in any single market.
Targeted Infrastructure Exposure Outside the U.S.
By focusing on infrastructure development companies outside the U.S., the fund offers access to global growth themes that may not be covered by typical domestic ETFs.
Negative Factors
Mixed Recent Performance
The ETF’s recent one-month and three-month returns have been weak, suggesting short-term performance has been under pressure despite a positive year-to-date result.
Underperforming Top Holdings
Several large positions in construction and materials companies have shown lagging year-to-date performance, which can drag on the fund’s overall results.
Moderately High Expense Ratio
The fund’s expense ratio is on the higher side for an ETF, meaning more of the investment’s return is used to cover fees.
IPAV vs. SPDR S&P 500 ETF (SPY)
AUM5.32M
RegionGlobal Ex-U.S.
Expense Ratio0.55%
Beta0.84
IssuerGlobal X
Inception DateAug 27, 2024
Dividend Yield1.52%
Asset ClassEquity
Index TrackedGlobal X Infrastructure Development ex-U.S. Index - Benchmark TR Net
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume1,899
30 Day Avg. Volume1,384
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
38.17Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering95
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
IPAV Summary
The Global X Infrastructure Development ex-U.S. ETF (IPAV) tracks the Global X Infrastructure Development ex-U.S. Index and focuses on companies that build and improve roads, railways, power systems, and other key infrastructure outside the United States. It holds well-known names like Canadian National Railway and ArcelorMittal, giving investors exposure to transportation, construction, and materials firms across countries such as India, Japan, and Europe. Someone might invest in IPAV to seek long-term growth and diversify beyond the U.S. market, but should know that its value can rise or fall with global infrastructure and stock markets.
How much will it cost me?The Global X Infrastructure Development ex-U.S. ETF has an expense ratio of 0.56%, which means you’ll pay $5.60 per year for every $1,000 invested. This is higher than average for ETFs because it is actively managed and focuses on a specific niche, requiring more research and management effort.
What would affect this ETF?The Global X Infrastructure Development ex-U.S. ETF could benefit from increased government spending on infrastructure projects in emerging and developed markets, driven by urbanization and sustainability initiatives. However, it may face challenges from rising interest rates, which could increase borrowing costs for infrastructure companies, and geopolitical tensions that might disrupt global supply chains or investment flows. Its focus on industrials and materials sectors, along with top holdings in companies like Prysmian SpA and Ferrovial, makes it sensitive to global economic conditions and commodity price fluctuations.
IPAV Top 10 Holdings
IPAV is leaning heavily into global infrastructure builders, with a clear tilt toward railways and industrials outside the U.S. Canadian National Railway and Canadian Pacific Kansas City have been steady engines of growth, helping keep the fund on track. Fujikura in Japan has been a standout, rising sharply and giving the portfolio some extra spark from the telecom and wiring side. On the flip side, European names like Heidelberg Materials and Ferrovial have been lagging, acting as a bit of a brake. Overall, it’s a globally diversified, ex-U.S. infrastructure play with notable strength in transportation and materials.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| ArcelorMittal | 3.54% | $194.65K | €48.02B | 122.69% | 73 Outperform | |
| Canadian National Railway | 3.46% | $190.19K | $77.29B | 31.61% | 77 Outperform | |
| Canadian Pacific Kansas City | 3.40% | $187.00K | $83.37B | 23.06% | 74 Outperform | |
| Fujikura Ltd | 3.37% | $185.68K | ¥9.31T | 153.70% | 63 Neutral | |
| Larsen & Toubro Limited | 3.20% | $175.84K | ₹5.56T | 13.29% | 78 Outperform | |
| Vinci SA | 3.06% | $168.11K | €67.27B | 1.38% | 76 Outperform | |
| Heidelberg Materials | 3.04% | $167.38K | €30.11B | -17.20% | 76 Outperform | |
| Holcim | 3.02% | $166.05K | CHF39.76B | 8.58% | 73 Outperform | |
| NIPPON STEEL | 2.95% | $162.10K | ¥3.62T | 4.80% | 63 Neutral | |
| Ferrovial | 2.74% | $150.54K | €36.93B | 7.68% | 78 Outperform |
IPAV Technical Analysis
Negative
―
Price Trends
31.86
Negative
32.48
Negative
31.68
Negative
Market Momentum
-0.18
Positive
42.19
Neutral
23.54
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For IPAV, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 31.99, equal to the 50-day MA of 31.86, and equal to the 200-day MA of 31.68, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 42.19 is Neutral, neither overbought nor oversold. The STOCH value of 23.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IPAV.
IPAV Peer Comparison
Comparison Results
Performance Comparison
IPAV
Global X Infrastructure Development ex-U.S. ETF
31.34
3.26
11.61%
HAUZ
Xtrackers International Real Estate ETF
―
―
―
RWX
SPDR Dow Jones International Real Estate ETF
―
―
―
GLIX
Lazard Listed Infrastructure ETF
―
―
―
CSIO
Cohen & Steers Infrastructure Opportunities Active ETF
―
―
―
RBLD
First Trust Alerian US NextGen Infrastructure ETF
―
―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
Table of Contents