Better Buy: Brookfield Infrastructure Partners vs. Brookfield Asset Management
Famous parent-child pairs have existed throughout history: classical composer Johann Sebastian Bach and his still-famous-but-not-quite-as-famous son Johann Christian Bach, American painters N.C. and Andrew Wyeth, and of course musician Billy Ray Cyrus and his daughter Miley.
In investing, you also run into parent-child pairs, and sometimes it's a tough call whether to buy the parent company or its subsidiary. Take, for example, asset management company Brookfield Asset Management (NYSE: BAM). It's the parent of several master limited partnerships (MLPs) and subsidiaries, including MLP Brookfield Infrastructure Partners (NYSE: BIP).
Both parent and child had a stellar 2019. So which one is the better buy as we head into the new year? Let's find out.
Source Fool.com
