Ryan Bushell Brookfield Global Infrastructure Securities Income Fun BGI.UN-T DON'T BUY Nov 12, 2024

It's a closed-end fund, managed by Oak Tree whom he respects. The 10-year return is under 4% annually. Poor. The MER is 2.5%. These can lure you with their high yield, but look at the details of this fund first.

Ryan Bushell

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COMMENT

Brookfield has generally done a good job with most of its companies, but this one has fallen off the radar a bit. It has a decent yield. There will be some projects fed into it from Brookfield over time, but he feels there are better opportunities elsewhere.

WEAK BUY

It broke out. It did a nice bottom. If it breaks out again above $7.50 it would be very bullish, otherwise it is a great stock to own for the dividend.

HOLD

They have assets all over the world and look for assets out of favour. They have demonstrated the ability to grow their dividends and he would continue to hold it.

DON'T BUY

A very concentrated portfolio. For example, CCI is around 11%. Risk is that ETFs don't adjust that much. If there's a downturn, limited ability to be flexible. In contrast SCGI, managed by his firm, has outperformed BGI.UN since inception and can be nimble.

DON'T BUY

Controlling shareholder is BN. He'd rather own that, which encompasses so much more. He feels strongly about the value of owning the parent, BN, rather than one of the pieces.

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Ryan Bushell Brookfield Global Infrastructure Securities Income Fun BGI.UN-T DON'T BUY Nov 12, 2024

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