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Published on 22 Nov 2022 on Insider Monkey via Yahoo Finance

Is Brookfield Asset Management (BAM) a Good Value Investment?


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Baron Funds, an investment management company, released its “Baron Real Estate Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund declined 4.86% (Institutional Shares) compared to a 4.99% decline for its primary benchmark, the MSCI USA IMI Extended Real Estate Index. At the same time, the fund outperformed the MSCI US REIT Index, which fell 10.28% in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Baron Funds highlighted stocks like Brookfield Asset Management Inc. (NYSE:BAM) in the Q3 2022 investor letter. Based in Toronto, Canada, Brookfield Asset Management Inc. (NYSE:BAM) is an alternative asset management company. On November 21, 2022, Brookfield Asset Management Inc. (NYSE:BAM) stock closed at $44.07 per share. One-month return of Brookfield Asset Management Inc. (NYSE:BAM) was 12.31% and its shares lost 24.63% of their value over the last 52 weeks. Brookfield Asset Management Inc. (NYSE:BAM) has a market capitalization of $69.693 billion.

Baron Funds made the following comment about Brookfield Asset Management Inc. (NYSE:BAM) in its Q3 2022 investor letter:

TSX.BAM-A price evolution
NYSE.BAM price evolution

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