U.S. infrastructure-focused mutual funds, ETFs attract inflows in May

Investors poured an estimated $316.6 million into infrastructure-focused U.S. mutual funds and exchange-traded funds in May, according to preliminary data by fund-tracker Morningstar Inc. on Wednesday, extending a monthly inflow streak since the presidential victory of Donald Trump. The latest figures suggested investors were warming to the president’s budget proposal, unveiled last week, which calls for $200 billion in federal infrastructure funds with hopes to leverage $800 billion more in private and state government investments.

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Source: Reuters

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