Brookfield Infrastructure Partners (NYSE: BIP) has been a wealth-creating machine over the years. The global infrastructure giant has delivered nearly 17% annualized total returns since its formation in 2008. That has enabled the company to grow a relatively modest investment into a much more sizable payday. For example, a $500 investment at its formation would have grown into nearly $5,000.

With Brookfield's units selling off over the past year -- they're almost 24% below the recent high -- it's trading at an attractive level, especially compared to its corporate twin. This means investing $500 into the company now would be a genius move. 

Brookfield Infrastructure offers two investment options. Investors can buy units of the publicly traded partnership, Brookfield Infrastructure Partners, or shares of the traditional corporation, Brookfield Infrastructure Corp. (NYSE: BIPC). While they're economically equivalent entities, the partnership units are the smarter buy these days. They currently trade at around $34.50 per unit, a roughly 25% discount to the $43.25 share price of the corporation.

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Source Fool.com