CORRECTED-Brookfield raises $14 billion for global infrastructure fund

Tue Jul 12, 2016 4:38pm EDT
 
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(Corrects figure in first paragraph to US$ from C$)

TORONTO, July 12 (Reuters) - Brookfield Asset Management said on Tuesday it had raised $14 billion for its new global infrastructure fund, giving it a war chest to hunt for assets around the world.

Like many other global investors, the Canadian asset management firm views infrastructure as an increasingly attractive alternative to low-yielding government bonds and volatile global equity markets.

($1 = 1.3020 Canadian dollars) (Reporting by Matt Scuffham; Editing by Jonathan Oatis)