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  5. BAM: These companies are classified as 100% financials and 100% Canada. [Brookfield Asset Management Ltd. Class A Limited Voting Shares]
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Q: These companies are classified as 100% financials and 100% Canada. Doesn't holding ownership of BIF and others make them diversified across sectors and countries? Thanks
Asked by John on October 30, 2025
5i Research Answer:

Yes; but with only 11 sectors they need to be categorized somehow. Certainly there is some international diversification and their business is not fully dependent on Canada. Our data is supplied by a third party and we continue to have discussions with them on such cases. 

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