
India Quasi-Wealth Fund Seeks to Double Assets to $10 Billion
Mumbai-based National Investment & Infrastructure Fund, backed by the Indian government alongside global investors such as Temasek Holdings Pte, Abu Dhabi Investment Authority and AustralianSuper Pty, is capitalizing on a big funding gap in the sector, according to Vinod Giri, managing partner for its infrastructure fund.
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Why I Just Bought More of This Ultra-High-Yield Dividend Stock
Key Points Brookfield Infrastructure pays reliable and growing distributions with an exceptional yield. The company's underlying business is diversified and stable. Brookfield Infrastructure has solid growth opportunities, especially with investing in data infrastructure. 10 stocks we like better than Brookfield Infrastructure Partners › I first invested in Brookfield Infrastructure Partners (NYSE: BIP) (NYSE: BIPC) nearly five years ago. Unfortunately, the stock hasn't been a big winner for me. Given this mediocre past performance, you might think I'd consider exiting my position in the stock. Nope. Instead, I recently added to my stake in Brookfield Infrastructure. Here are three reasons why I just bought more units of this limited partnership (LP). 1. Reliable and growing distributions Brookfield Infrastructure's total returns have been significantly better than its stock performance. That's because the company pays reliable and growing distributions. Its forward distribution yield currently stands at 5.67%. Brookfield Infrastructure has a 16-year history of distribution increases. During that time, the LP has increased its distribution per unit by a compound annual growth rate (CAGR) of 9%. I think Brookfield Infrastructure should be able to continue growing its distribution. The company targets an annual growth rate of between 5% and 9%. Its payout ratio target range is a comfortable 60% to 70%. Am I relying on Brookfield Infrastructure's distributions as a source of income right now? No. However, I view the stock as a great income-generator down the road. In the meantime, I can reinvest the juicy distributions in Brookfield Infrastructure or other stocks that I expect to deliver solid total returns over the next few years. 2. A diversified and stable underlying business Another reason I recently invested more in Brookfield Infrastructure is that its underlying business of investing in infrastructure assets is diversified and stable. That's important to me with the uncertainty surrounding the ultimate impact of tariffs on the global economy. Around 41% of Brookfield Infrastructure's funds from operations (FFO) comes from its transportation businesses. The company operates 36,300 kilometers of rail operations in Australia, Brazil, Europe, North America, and the U.K. It also owns 3,300 kilometers of toll roads in Brazil and Peru. Brookfield Infrastructure also has major utility operations that generate 25% of its FFO. These include 3,500 kilometers of gas pipelines and 3,140 kilometers of electricity transmission lines. I'm a fan of midstream energy stocks. 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