RiverSource Investments has launched the RiverSource Recovery and Infrastructure Fund, an open-end mutual fund that will seek long-term opportunities around the world.

“Given the influx of government spending and demand in the U.S. and internationally, the infrastructure theme remains one of the most compelling opportunities in recent history,” said Warren Spitz, senior portfolio manager, who identified infrastructure as a compelling investment opportunity six years ago.

RiverSource estimates the public and private spending for infrastructure in the U.S. will total $2.2 trillion over the next five years. Specific industries Spitz is targeting include energy, materials, industrials, utilities, construction, heavy equipment, engineering, technology, airlines and automakers.

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