Brookfield Global Infrastructure Securities Income Fun (BGI.UN.TO)

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.

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.

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.

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.

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.