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Brookfield Asset Management Voting Ord Shs Class A T.BN.PF.H


Primary Symbol: T.BAM Alternate Symbol(s):  T.BN.PF.D | T.BN.PR.K | T.BN.PF.E | BXDIF | 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.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

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.


TSX:BAM - Post by User

Post by retiredcfon Feb 08, 2022 11:56am
433 Views
Post# 34408882

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Ahead of Thursday’s release of its fourth-quarter financial results, Scotia Capital analyst Mario Saric bumped up his Brookfield Asset Management Inc.  target to US$70.25 from US$70 with a “sector outperform” rating. The average is US$69.79.

“BAM is down 9 per cent year-to-date (implied asset manager down 14 per cent), lagging peers by 3 per cent and extending under-performance during COVID,” he said. “We attribute the weakness to market concerns over inflation and higher rates. ... It is interesting to see BAM lag U.S. Financials despite the 49 basis points yield curve flattening since October 2021 (BAM has outperformed U.S. Financials 100 per cent of the time since 2010). We’ve talked about BAM’s higher balance sheet capital perhaps driving a bit of the discount to some peers (i.e. market preference for “capital-light” models). However, higher inflation could help BAM’s Invested Capital (i.e., BIP reported 9-per-cent year-over-year organic growth in 2021 on inflation indexation). Overall, we still view the 2022 macro as constructive for BAM share price outperforming broader benchmarks.”

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