The Inverse Cramer Tracker ETF (SJIM), a fund that aimed to short stocks recommended by the bombastic TV personality, managed to attract just $2.4 million in assets since its launch in March 2023.
The end of the low interest-rate era has coincided with both the public and corporate sectors pulling back on efforts to be virtuous.
The move by the world's largest asset manager reflects a "bullish view on the economy and a soft landing."
Historically, infrastructure had been prized for its “safety and stability.” Some asset managers claim now might be a good moment to get more exciting returns.
Falling valuations mean that future expected returns are higher.