July 12, 2016 / 4:17 PM / 3 years ago

Brookfield raises $14 billion for global infrastructure fund

People walk to Brookfield Place off Bay Street on the day of the annual general meeting for Brookfield Asset Management shareholders in Toronto, May 7, 2014. REUTERS/Mark Blinch

TORONTO (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.

(Corrects figures throughout to US$ from C$.)

Reporting by Matt Scuffham; Editing by Jonathan Oatis

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