Is Brookfield Infrastructure Corporation (BIPC) A Smart Long-Term Buy?

ClearBridge Investments, an investment management firm, published its “Global Infrastructure Income Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. On an absolute basis, the Strategy delivered gains across nine of the 10 sectors in which it was invested (out of 11 total) in the fourth quarter, with the electric, renewables, and gas sectors the leading contributors and the energy infrastructure sector the sole detractor. On a relative basis, measured against the S&P Global Infrastructure Index, the ClearBridge Global Infrastructure Income Strategy outperformed during the fourth quarter. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

ClearBridge Investments Global Infrastructure Income Strategy, in its Q4 2021 investor letter, mentioned Brookfield Infrastructure Corporation (NYSE:BIPC) and discussed its stance on the firm. Founded in 2019, Brookfield Infrastructure Corporation (NYSE:BIPC) is a United States-based natural gas transmission company with a $5.5 billion market capitalization and is currently spearheaded by its CEO, Sam Pollock. Brookfield Infrastructure Corporation (NYSE:BIPC) delivered a 10.45% return since the beginning of the year, while its 12-month returns are down by -0.01%. The stock closed at $75.39 per share on March 29, 2022.

Here is what ClearBridge Investments Global Infrastructure Income Strategy has to say about Brookfield Infrastructure Corporation (NYSE:BIPC) in its Q4 2021 investor letter:

“On a regional level, the Strategy’s largest exposure is in the U.S. and Canada (44%), consisting of regulated and contracted utilities (31%) and economically sensitive user-pays infrastructure (13%). During the quarter we initiated new positions in Canadian infrastructure company Brookfield Infrastructure Corp. With supply chain issues, higher housing costs, higher commodity prices and producer price inflation remaining square in the sights for 2022, we think higher inflation is a risk for global markets. We expect growth to slow to trend or below by mid-2022 and U.S.”

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Our calculations show that Brookfield Infrastructure Corporation (NYSE:BIPC) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Brookfield Infrastructure Corporation (NYSE:BIPC) delivered a 11.18% return in the past 3 months. In February 2021, we also shared another hedge fund’s views on Brookfield Infrastructure Corporation (NYSE:BIPC) in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.