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Brookfield Infrastructure Partners L.P. (BIP.UN $49.88)
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Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $67.60)
Q: I hold a fairly large holding in 4 Brookfield entities and am looking at selling Bam to add more to my Bip.un in order to adjust my holdings. Would you favor this move for a 3 to 5 year hold and what might your reasoning be for and against? Thanx.
5i Research Answer:
We like BAM quite a lot, as a income/growth stock. BIP.UN has upside as well. The question does not indicate which other entities are owned. If BN is one of the stocks owned, then an investor gets representation in the other entities and thus we would be OK with such a plan.