Brookfield

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Hello, Dan

It seems there are a lot of moving parts to this company -BAM, BEP, BIP, ETC

currently I own BIP.UN

I’m confused about which ones to invest in. Is it OK to invest in all of them, and if not which one would you suggest?

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Asked on April 24, 2025 2:54 pm
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Private answer

The simplest way to own all of the Brookfield subsidiaries are to just own Foundational Stock Brookfield Corporation (TSE:BN).

When you start getting into the subsidiaries, you are primarily doing so because you want individual exposure to that segment of the company. For example, owning BIP would give you exposure to the infrastructure portion of the business. Pipelines, etc. If you own BEP.UN, you'd own direct exposure to the renewable portion of the business. BAM the asset management portion.

When you own Brookfield Corporation, you own all of these, plus exposure to the insurance side of things.

Direct exposure to the entire conglomerate = Buy Brookfield Corporation (TSE:BN)
Direct exposure to the subsidiaries to get exposure to a particular sector = BEP.UN, BIP.UN, BAM.TO, etc.

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Posted by Dan Kent
Answered on April 27, 2025 8:56 am
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thanks Dan. would it be OK to own BIP and BN?
(mike.repluk@gmail.com at April 27, 2025 9:01 am)
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To a degree yes. I own BEP.UN and BN.TO. However, I do this because I feel BEP is undervalued. If it ever got to what I feel is fully valued, I'd sell it and just buy what I call the "roll up" company in BN.TO
(Dan Kent at April 27, 2025 9:02 am)