Brookfield operates one of the world’s largest publicly traded platforms for renewable power and decarbonization solutions.  It operates over 40 gigawatts of total installed capacity including  hydroelectric, wind, solar, and utility-scale battery energy storage systems, alongside sustainable solutions like nuclear services (via Westinghouse Electric) and green fuels.

This is a Bermuda-based limited partnership that owns infrastructure assets in North and South America, Europe, and Australia. These include railways, ports, transmission lines, toll roads, utilities, and more.

I recommended BCE.PR.C as one possible alternative to Canadian bonds. Canadian preferred shares offer steady cashflow like a bond, trade based on changes in Canadian interest rates (like bonds), offer higher yields (current yield is 5.976%), and provide tax advantages because of the dividend tax credit.

If you prefer to invest in international real estate, this should be your choice, although it is heavily weighted to the US (73% of assets). Other countries in the mix are Japan, Australia, Singapore, the UK, and France. Canada comprises only 2% of the portfolio. All told, the fund holds 318 positions.

You may wonder how an ETF that invests only in six banks can outperform the Financials sub-index and funds like the BMO Equal Weight Banks Index ETF (TSX: ZEB). The answer is asset mix.

Whereas the BMO fund equally divides its holdings among the Big Six banks, this one makes bets on which will perform best. At present, Bank of Montreal is the top position at 26.1% followed closely by Scotiabank at 25.1%. They’ve both done well, with BMO ahead about 43% year to date while Scotiabank has added about 24%.