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Brookfield Corporation Class A Limited Voting Shares (BN)
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Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM)
Q: Good morning,
I'm looking to add an asset manager on the US side. Or possibly adding to BN as well in my non registered.
With a bit of a pullback do you have a preferred company in that space at current valuation and future prospects.
With a possible buy range as well please.
Thank you!
I'm looking to add an asset manager on the US side. Or possibly adding to BN as well in my non registered.
With a bit of a pullback do you have a preferred company in that space at current valuation and future prospects.
With a possible buy range as well please.
Thank you!
5i Research Answer:
BN has always been our preference not only because of the company’s track record of compounding capital at attractive rates, but also because of the meaningful discount that BN is trading at relative to other asset managers. The company has been more active in recent years to help investors appreciate the assets they have. The most recent one was a partial divestiture of BAM to the public. Given their double-digit AUM growth and a well-diversified portfolio of assets, we are comfortable positioning BN as one of the core holdings in the portfolio.