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When it comes to investing in asset management companies on the Toronto Stock Exchange, Brookfield Asset Management (TSX:BAM) is the ideal option. It is one of the largest and best financial services companies in Canada that owns and manages commercial property, infrastructure and power assets. Brookfield Asset Management offers services to global customers, but its assets are concentrated in Canada and the United States.
Here’s more on why I think Brookfield is a solid investment to make for those looking to put $1,000 to work right now.
Strong competitive position
Brookfield Asset Management is a pure asset manager, with a number of top private equity players which can be seen as competitors. The company’s solid reputation, as well as that of its chief executive officer, are among the key selling points for long-term investors.
Additionally, Brookfield’s relative strength in the world of…
