Brookfield Asset Management Voting Ord Shs Class A BXDIF

Primary Symbol: T.BAM Alternate Symbol(s): T.BN.PF.D | T.BN.PR.K | T.BN.PF.E | T.BN.PR.M | BKFAF | T.BN.PF.F | T.BN.PR.N | BRFPF | BRPSF | BAM | T.BN.PF.G | BKAMF | T.BN.PR.R | BKFDF | T.BN.PF.H | T.BN.PR.T | BAMGF | T.BN.PF.I | T.BN.PR.X | BAMKF | T.BN.PF.J | T.BN.PR.Z | T.BN.PF.K | T.BN.PF.A | T.BN.PF.L | T.BN.PF.B | BKFOF | T.BN.PR.B | T.BN.PF.C | BKFPF | BRCFF | BROXF

Financial Services Asset Management

Brookfield Asset Management Ltd. is primarily engaged in providing alternative asset management services. The Company provides its services through an ownership interest in an alternative asset management business, which is carried on by Brookfield Asset Management Inc. (Brookfield) and its subsidiaries. Its products have three categories, which include long-term private funds, perpetual strategies and liquid strategies. The Company's wholly owned subsidiaries include 2451634 Alberta Inc. and Brookfield UK Employee Co Limited. Brookfield is a global alternative asset manager with assets under management across real estate, infrastructure, renewable power and transition, private equity and credit. Brookfield offers a range of alternative investment products to investors around the world, including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.

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Brookfield Asset Management Voting Ord Shs Class A

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Post by retiredcfon Feb 25, 2021 8:59am

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Post# 32656283

TD

Is on their Action Buy List with a US$63.00 target. GLTA

Brookfield Asset Management Inc.

(BAM-N, BAM.A-T) US$44.21 | C$55.30

Conference Presentation Sheds Light on Global Impact Fund Event

Earlier this week, Mark Carney, Vice Chair and Head of ESG and Impact Fund Investing at BAM, participated in a fireside chat at TD's conference on Investing in Hydrogen and the Global Energy Transition. In that discussion, Mr. Carney echoed many of the themes that he addressed during a recent Bloomberg interview, and provided details on the focus of BAM's inaugural Global Impact Fund.

Impact: POSITIVE

Why BAM?: Mr. Carney indicated that he wanted to put his words on climate change into action and to be a part of an organization that had the size, scale, expertise, and access to capital required to play a leading role in accelerating decarbonization.
BAM's ESG Profile: BAM is net negative on scope 1 and 2 across its entire asset portfolio on an avoided emissions basis, in part due to its ownership of one of the world's largest pure-play renewable power portfolios. The company believes that it is similarly net-zero carbon on a scope 3 basis and is now conducting a detailed analysis of the scope 3 emissions of its portfolio companies. Within the envelope of net-zero carbon, BAM will continue to own assets across the spectrum, but is committed to transitioning its own "dirty" assets to net-zero over time.
Global Impact Fund: BAM recently launched the fundraising for its first Global Impact Fund, which is targeting $7.5bln+, inclusive of a $2bln contribution from BAM, consistent with the company's model of investing meaningful capital alongside clients. The fund will be focused not on buying existing green assets, but on taking assets/companies that are currently brown/beige and putting them on the path to net-zero over the life of the fund. The fund intends to apply the same discipline and rigour to achieving its environmental objectives as to its objective of earning industry-leading financial returns.

TD Investment Conclusion

BAM has clearly established itself as a leading global alternative asset manager, and, by launching a multi-billion-dollar global impact fund with a focus on the transition to net-zero, we believe that BAM has the potential to carve out an early-mover advantage in an emerging asset class, as it did with infrastructure more than 10 years ago