Although affected by the epidemic, investors' investment enthusiasm is still very high, and the recent trend of A shares is also very good. However, for investors who have been paying attention to the infrastructure sector, they are frustrated with the average performance of the infrastructure sector. Many people want to know why the capital construction funds are always declining. Reasons for the decline of infrastructure funds: 1 Decline in the growth rate of fund investment: The scale of infrastructure investment in China is relatively large, and it has maintained a growth rate of about 20% before, but now the supervision of infrastructure industry has become stricter, coupled with the credit contraction, the investment in infrastructure industry in China has declined. ② The infrastructure index shows a downward trend: infrastructure projects are the representative indexes in the infrastructure field, and the stocks of listed companies involved in construction and engineering business are selected as constituent stocks. Since two years ago, it has basically been in a downward trend, and it can be said that it has been in a downward channel for a long time. These are the reasons why capital construction funds have been declining. However, there is no stock that only falls but does not rise. With the improvement of the stock market, many other sectors are at a high level. For the infrastructure sector with valuation advantages, it is likely to be favored by safe-haven funds and reverse the trend.