Top PickLast stock in the clip; he also owns it personally. GLTA
https://www.bnnbloomberg.ca/video/brian-madden-s-top-picks~2560128
Brookfield Asset Management (BAM.A TSX)
Latest purchase May 2022 at $61.39
Brookfield is among the world’s foremost managers and operators of long-duration real assets like real estate, private equity, infrastructure, renewable energy and utilities with deep expertise in sourcing transactions and surfacing value. The company has tremendous reach and geographic diversity with significant assets in Canada, the U.S., the U.K., Australia, Brazil, India and more.
Brookfield’s size and scale allow it to field expert teams with deep operating experience across industry verticals and geographic areas. Moreover, its financial strength and variety of funding sources afford it the advantage of being among the first calls that sellers of world-class assets make when looking to consummate a transaction. Flows into alternative assets are outstripping flows into stocks and bonds, as institutions like pension funds increase allocations to these less efficient markets which better match its long-duration liabilities. Accordingly, Brookfield enjoys consistently strong inflows and now manages over $750 billion. The company has generated a compound annual return for shareholders of 16 per cent over the last 20 years, such that one dollar invested in its shares is now worth over $20, courtesy of these many structural advantages.
TOP PICK
Brookfield Asset Management (A)(BAM.A-T)
08/11/2022 at 07:00pm
Serial compounder, secular grower. Pre-eminent alternate asset manager. Real estate, renewable energy, reinsurance, infrastructure, etc. On sale. Yield is 1.32%. (Analysts’ price target is $80.35)
Management / Diversified
Brian Madden
$55.270
Owned