Scale Offsets Risk for Canadians on $15 Billion India Spree

Canada’s biggest asset managers, never afraid to push the investing envelope, have been loading up on Indian assets -- big time.

Investors including Brookfield Asset Management Inc. and Canada Pension Plan Investment Board have signed deals for mobile-phone towers, office properties, a stake in an airport, and distressed debt, betting that scale outweighs risk in the world’s fastest growing major economy. After record deals last year, the Canadians have ramped up their India investments to more than $15 billion, the bulk of it in the last few years, according to calculations compiled by Bloomberg.