MINNEAPOLIS--(BUSINESS WIRE)--First American Funds announced today that it is opening its new First American Global Infrastructure Fund to individual investors. The open-end fund, which has been available to select institutional investors since Dec. 17, 2007, is one of the first of its kind in the industry. The fund seeks to provide investors with the benefits of publicly traded global infrastructure investments that capitalize on the estimated $41 trillion that will be required to modernize and expand the world’s infrastructure during the next 25 years.1

For years, large institutional investors have flocked to private investments in global infrastructure because of their distinctive and potentially rewarding diversification benefits. Now, the Global Infrastructure Fund provides both individuals and institutions with access to infrastructure investments in an open-end mutual fund.

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Posted by boyang at July 1, 2008 1:04 PM