Brookfield Asset Management Inc (A) (BAM.A.TO)

He likes it and owns several of the Brookfields. They did some acquisitions recently. They have also run up recently, probably because institutional investors wanted to increase their weightings.

Management are very bright and understand valuing assets. There is some really good growth on the infrastructure side. They have a great brand name and great sponsors.

This has a great history of being able to act like a private equity manager, and go into geographies that other people are afraid of. They have the firepower and the pedigree to be able to do this. Very strong track record of being able to identify opportunities.

The asset managers as a whole will be very much correlated to the markets. If you have good assets then assets under management grow. They have done well over the last 6 years. Now in 2015, the easy money has been made and volatility is coming back into the picture. You won’t see the same rates of returns in the sector going forward.

Likes this company. Pays a decent dividend of just over 1.5%. It is in different spaces such as infrastructure, real estate, power, etc. This has been a little bit sideways in the last while, but over the next 12-18 months it should do fine.

Chart shows we are at the same point where the stock was at its low this year. It is right at support. If this doesn’t start to pick up and rise above the low from before, that is actually a bad sign. Wait for it to get up above its support.

It looks like it is consolidating. You could buy it now.

A core holding for a portfolio. He would consider buying at lower valuation levels, because there has been a big rotation out of energy stocks into these real estate, hard asset style of investments. Don’t worry so much about yield, but worry more about cash flow and the growth of the business. The yield will grow with that. Dividend yield of 1.5%.

He also has the subsidiary companies. He likes that you get exposure to private equity markets through a public vehicle. You will make money on these companies over 5 years. You have some of the smartest people around on this. They have various narrow focuses and don’t stray into uncharted areas.

(A Top Pick Oct 28/14. Up 14.95%.) This is a great allocator of real assets, where people are looking for yield. Still a Buy.

This is access to low-cost leverage and generating lots of fees by getting into distressed assets and setting up limited partnerships funds. They not only own great assets, but also makes money managing portfolios and getting fees. Thinks the NAV is in the $50 range, so trading at a pretty decent discount. Dividend yield of 1.53%.

Had owned this for some time, but switched to Tricon Capital (TCN-T). His concern was that the company might be somewhat vulnerable to a rise in interest rates in the US. Also, ownership is a little bit complicated. (See Top Picks.)

The Brookfields are very well-managed companies and he has a lot of respect for them. If you want to participate in this, just wait for a pullback in the price and add to your position.

He continues to like this company. One of the best management teams out there. Pays a decent dividend of 1.5%, which is probably going to grow by 5%-6% on a yearly basis. There is growth through its real estate and its different operations.

When looking at this, you have to think of best in class. Infrastructure is a space that is longer duration in terms of a return profile. It should be a core holding for most Canadians. A tremendous franchise. You can tuck this one away and come back to it many years down the road and you will be thankful you bought it.