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Brookfield Corporation Class A Limited Voting Shares (BN $55.39)
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Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $61.12)
Q: If we go into a recession, how will it affect Brookfield (BN) and its subsidiaries (BIP, BEP, BAM), please?
5i Research Answer:
We don't think BN is any more levered or exposed to a weak economy than others and might even argue, with a lot of their focus more on institutional type of projects and infrastructure, they might be a bit more sheltered from broad economic headwinds. With that said, they will still be impacted and can't avoid a broad economic slowdown. BAM< being more focused on welath management, woudl be the most exposed to recessionary risks as they would be more correlated to broader markets.