analyst sees more infrastructure-focused funds making their way to the market,
reports. U.S. Global Investors
and Kensington Investment Group
earlier this year came out with their respective mutual funds focusing on companies involved in building and operating infrastructure. Those offerings are the first mutual funds in the U.S. with that focus. Morningstar analyst Michael Herbst noted that since countries will continue to plunk down a great amount of money into infrastructure, "there is a case to be made for companies that will be beneficiaries of this boom. I would expect to see more such funds open." The U.S. Global MegaTrends Fund
rose 3.7 percent through November 7 since its launch in October, while the Kensington Global Infrastructure Fund
gained 12 percent through November 7 since its debut in June.
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