09:37:26 EDT Mon 20 Mar 2023
Enter Symbol
or Name

Brookfield Asset Management Inc
Symbol BAM
Shares Issued 412,201,980
Close 2023-01-24 C$ 43.01
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Globe says Telus, others get nod from big investors

2023-01-25 09:12 ET - In the News

See In the News (C-T) Telus Corp (2)

The Globe and Mail reports in its Wednesday edition that big investors steering mutual funds are keen on Telus, Intact Financial and the Brookfield entities. The Globe's David Berman says that in a study, analysts at CIBC Capital Markets compared the collective weightings of Canadian equity holdings within Canadian mutual funds to those equities' percentage slices of the S&P/TSX 60 Index. The intent of this analysis was to find the stocks whose popularity within mutual funds exceeded their prevalence in the broader market by the widest margins. Popular stocks have a high weighting relative to their percentage of the index. Those popular stocks include Brookfield Asset Management -- before the recent separation of the asset manager from Brookfield Corp. to create two companies. The stock had a 4.9-per-cent overall weighting within mutual funds, which is well above the stock's 3.8-per-cent weighting within the S&P/TSX 60 index. Intact had a 2.5-per-cent weighting, versus a 1.5-per-cent weighting within the index. Telus had a 2.6-per-cent weighting, above the 1.8-per-cent weighting within the index. That makes the telco more popular among mutual funds than BCE, which has been underweighted by the pros.

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