Homestead Funds’ newest fund, Rural America Growth & Income Fund, made headlines on its first full day of operations, May 3, 2021. The fund was the focus of a MarketWatch article that noted especially the timing of the fund’s launch coinciding with President Biden’s plan to invest in the nation’s infrastructure, including rural broadband initiatives.
The fund was planned well before any news of the infrastructure bill. Funding for the Biden Administration’s initiatives is a long way from Congressional approval.
“It looks like we are reacting to everything going on [in Washington],” said fund company CEO Mark Santero of the vast spending proposals to bolster the nation in the wake of the pandemic. “But that’s not the case. We saw an opportunity, and we wanted to create a fund that shows our membership we believe in the rural economy,” said Santero in the article.
“We feel the rural economy is at an inflection point, because of the lack of attention it has received over the past couple of decades,” he said. “It starts with broadband. It starts with access to smart technology.”
Learn more about the Rural America Growth & Income Fund.
Read the full article: MarketWatch, “Rural America now has a mutual fund dedicated to its long-awaited revival”
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