OAK - Better Buy: Brookfield Asset Management vs. Brookfield Infrastructure
Whether you measure it over the past year, three years, five, or even 10 years, Brookfield Asset Management (NYSE: BAM) has been a market-crushing investment. Yet as well as it has done, the global alternative asset manager -- focused mainly on real estate, renewable power, and infrastructure -- has seen its total returns pale in comparison to those of its subsidiary, Brookfield Infrastructure Partners (NYSE: BIP).
And while that's been wonderful for long-term investors in Brookfield Infrastructure, what about someone who's looking to invest today? Does one represent a better value or have better prospects going forward? In short, these companies are on the pricey end of their typical valuation ranges after big jumps in their share prices over the past year, but they're also premium businesses that offer something many investors are craving in the current environment: stability.
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