Source: Investment News

By David Hoffman

PHILADELPHIA - A mutual fund company is taking a chance on the burgeoning market of infrastructure investments.

Kensington Investment Group Inc. of Orinda, Calif., expects to launch the Kensington Global Infrastructure Fund on Friday.

It will be the first open-ended mutual fund to give investors access to infrastructure assets once government financed and operated but now leased and operated by private entities.

It won't be the last such fund, according to industry experts.

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Posted by pichu at June 25, 2007 10:55 PM