Q: Have been waiting on TD .now contemplating buying BAM.A please have your taught.Thanks
5i Research Answer:
They are very different, of course, but we like BAM better. Its diversification helps, it just raised its dividend by 19%, and it is very well managed. Its global exposure is a little different than TD's, which is US/Canada mainly. It also is not subject to the same degree of regulation and real estate risk and corporate loan risk that TD has. Essentially, it is a manager of others' assets, and this makes cash flow secure (relatively).