Canadian asset manager Brookfield Asset Management (NYSE: BAM) is the mastermind behind Brookfield Infrastructure Partners (NYSE: BIP), but they aren't interchangeable investments. That fact has become even more clear over the past year, as the overall Brookfield organization made a big move in a new direction. Here's what people have long expected from this pair and why now things are very different.
Brookfield Infrastructure Partners is one of many master limited partnerships run by Brookfield Asset Management. As its name implies, it owns infrastructure assets. The key, however, is that it owns a huge and diversified array of infrastructure assets, making it something of a one-stop shop for investors looking to gain exposure to the space. That is one of its biggest allures.
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