08:06:31 EST Fri 23 Feb 2024
Enter Symbol
or Name

Brookfield Asset Management Inc
Symbol BAM
Shares Issued 412,201,980
Close 2022-12-30 C$ 38.77
Market Cap C$ 15,981,070,765
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Globe says O'Kennedy favours Brookfield, BAM for 2023

2023-01-03 08:08 ET - In the News

See In the News (C-BN) Brookfield Corp

The Globe and Mail reports in its Saturday edition that Ken O'Kennedy at Dixon Mitchell Investment Counsel says that over the last 12 to 18 months his company has been increasing allocations to Canada over the United States. The Globe's Darcy Keith writes that while Mr. O'Kennedy says he believes the U.S. has some of the strongest competitively positioned and best-run companies in the world, they are broadly priced this way and hence could be susceptible to further valuation risk. Despite significant outperformance of the Canadian market in 2022, he is finding attractive value in Canada, especially in high-quality small-cap businesses. Despite the noisy macro headlines and a bond market predicting a recession in 2023 via an inverted yield curve, Dixon Mitchell believes the macro backdrop is creating several opportunities for investors in both Canada and the U.S., and even in bonds. In the U.S., the firm likes Intercontinental Exchange, which provides attractive value for a business producing prodigious cash flow with a record of value creation. In Canada, Brookfield Corp. and Brookfield Asset Management are attractive postsplit. Mr. O'Kennedy also finds attractive many short-term investment-grade corporate bonds.

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