Brookfield Asset Management Joins FTSE Russell 1000 Index

Published 1 hours agoBAM

Brookfield Asset Management Joins FTSE Russell 1000 Index

Brookfield Asset Management Ltd., a Canadian-American alternative asset manager, has achieved a significant milestone with its inclusion in the FTSE Russell 1000 Index. This move underscores the company's growing stature in the U.S. market and enhances its visibility among a wider base of U.S. investors.

In a strategic shift, Brookfield moved its headquarters from Toronto to New York City in December 2024, reinforcing its focus on the U.S. financial market. By the third quarter of 2024, the company's assets under administration exceeded $1 trillion, marking it as one of the largest investment firms globally. The Russell 1000 Index, which Brookfield has now joined, includes the top 1,000 U.S. companies by market capitalization, covering about 93% of the total U.S. equity market, according to Investopedia.

Brookfield's recent achievements reflect its ongoing strategic efforts to bolster its presence and influence in the competitive U.S. market. As noted, being part of such a prominent index is expected to bring increased investor attention and broaden Brookfield's shareholder base, further cementing its role in the American financial landscape.

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