Topic: How To Invest

Pat: If you were more interested in blue-chip growth than current income, would you sell RioCan to buy Brookfield Asset Management?

Article Excerpt

Brookfield Asset Management, $26.37, symbol BAM.A on Toronto (Shares outstanding: 572.9 million; Market cap: $15.1 billion), is a holding company that mainly focuses on real estate, infrastructure and power generation. Its holdings include interests in Brookfield Renewable Power Fund and BPO Properties, which owns, develops and manages office buildings. Brookfield Asset Management also holds resource investments, including Norbord. Brookfield Asset Management has a complex holding company structure that could make it difficult to spot problems, should they arise. We see the stock as okay to hold, but don’t recommend it for new buying. RioCan, $18.56, symbol REI.UN on Toronto (Units outstanding: 242.0 million; Market cap: $4.5 billion) – see above – is a buy for income and growth. If you are looking for blue-chip growth, our advice is to choose from the stocks we recommend as buys in our newsletters, particularly those we see as Best Buys. These stocks currently include BCE, Emera, TransCanada, Bank of Nova Scotia and Great-West Lifeco. Lifeco. …