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Global X Infrastructure Development ex-U.S. ETF (IPAV)
Look-through valuation · Sector · ISIN US37960A4461
Price history (since 2024)
Monthly close since 2024. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Fujikura Ltd. 5803 | 3.6 % | n/a | n/a |
| ArcelorMittal SA MT | 3.5 % | n/a | n/a |
| Canadian National Railway Co CNR | 3.4 % | n/a | n/a |
| Larsen & Toubro Limited LT | 3.2 % | n/a | n/a |
| Vinci S.A. DG | 3.1 % | +52.2 % | 55 |
| Nippon Steel Corp 5401 | 3.0 % | n/a | n/a |
| Ferrovial S.A. FER | 3.0 % | n/a | n/a |
| Holcim Ltd LHN | 2.9 % | n/a | n/a |
| Heidelberg Materials AG HEI | 2.9 % | n/a | n/a |
| Shin-Etsu Chemical Co. Ltd. 4063 | 2.8 % | n/a | n/a |
| Cellnex Telecom SA CLNX | 2.7 % | −21.1 % | 34 |
| Prysmian SpA PRY | 2.6 % | −35.6 % | 59 |
| Tata Steel Limited TATASTEEL | 2.6 % | −21.3 % | 57 |
| Cemex SAB de CV ADR CX | 2.6 % | +0.6 % | 55 |
| HINDALCO INDUSTRIES LTD. HINDALCO | 2.4 % | n/a | n/a |
| POSCO Holdings 005490 | 2.4 % | −26.3 % | 45 |
| Doosan Heavy Ind. & Const. 034020 | 2.3 % | n/a | n/a |
| UltraTech Cement Limited ULTRACEMCO | 2.2 % | −59.7 % | 55 |
| WEG S.A. WEGE3 | 2.2 % | n/a | n/a |
| Eiffage SA FGR | 1.9 % | +93.1 % | 56 |
| JSW Steel Limited JSWSTEEL | 1.9 % | −10.6 % | 52 |
| LS Electric 010120 | 1.7 % | −86.2 % | 56 |
| Bluescope Steel Ltd BSL | 1.7 % | n/a | n/a |
| AtkinsRealis Group Inc ATRL | 1.6 % | −42.2 % | 62 |
| NKT A/S NKT | 1.2 % | −15.9 % | 41 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 48 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +71.9 % below FV
- 2 FXI iShares China Large-Cap ETF +53.7 % below FV
- 3 CHIQ Global X MSCI China Consumer Disc ETF +48.5 % below FV
- 4 FLCH Franklin FTSE China ETF +36.0 % below FV
- 5 KWEB KraneShares CSI China Internet ETF +33.5 % below FV
- 6 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +32.5 % below FV
- 7 MCHI iShares MSCI China ETF +28.0 % below FV
- 8 ITB iShares U.S. Home Construction ETF +13.7 % below FV
- 9 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +12.7 % below FV
- 10 TAN Invesco Solar ETF +10.8 % below FV
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Global X Infrastructure Development ex-U.S. ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Aug 14, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.