Varun AnandBrookfield Global Infrastructure Securities Income FunBGI.UN.TODON'T BUYJun 09, 2022
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.
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.