T. Rowe adds mutal fund of infrastructure firms

February 12, 2010

Baltimore's T. Rowe Price Associates announced Thursday the launch of a growth and income mutual fund that invests in infrastructure-related companies, such as those involved in building roads, tunnels and other essential services in countries worldwide. The Global Infrastructure Fund will invest in 60 to 90 companies in at least five countries, including emerging markets where infrastructure development is a priority, the company said. Fund manager Susanta Mazumdar, who works out of Price's Singapore office, said in a statement that he expects increased spending over the long haul by developed markets needing to repair or replace decaying infrastructure and by emerging markets trying to modernize.

- Eileen Ambrose

Discuss this story and others in our talk forums Most recent business talk forum topics:

More news talk forums: Local | Nation/World | Business | Health/Science | Computers/Technology

Note: In-story commenting has been temporarily disabled due to technical issues. We are working to correct the issue and will bring back this feature in the future. In the meantime, please use our talk forums to discuss stories.

Baltimore Sun Articles
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.