Jan 28 2021, 9:13 PM
January 28 2021, 9:38 AM
January 28 2021, 9:13 PM
(Bloomberg) Brookfield India Real Estate Trust, backed by Canadian asset manager Brookfield Asset Management Inc., is seeking to raise as much as $522 million in an Indian initial public offering, adding to the growing number of listings from the sector in the country.
(Bloomberg) Brookfield India Real Estate Trust, backed by Canadian asset manager Brookfield Asset Management Inc., is seeking to raise as much as $522 million in an Indian initial public offering, adding to the growing number of listings from the sector in the country.
Brookfield REIT is selling 138.2 million units to 138.5 million units at 274 rupees to 275 rupees each, according to terms of the deal obtained by Bloomberg News. It will take investor orders from Feb. 3 to Feb. 5 before a listing scheduled for Feb. 17, the terms show.
Expected returns for the 26 financials stocks in the S&P/TSX composite index theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Katie Keir
After plunging in March 2020, the S&P/TSX composite index recovered throughout the rest of the year and boasted a one-year return of more than 7% in early January.
Canadian stocks lagged their U.S. counterparts last year, however. The S&P 500 index had a one-year total return of more than 17% over the same period, despite geopolitical and economic hurdles south of the border.
While energy and financials were hit particularly hard, finding opportunities anywhere was far from easy last year, said Hugo Lavallée, portfolio manager with Toronto-based Fidelity Investments Canada ULC in Montreal and lead manager of the Fidelity Canadian Opportunities Fund.
Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE: CEN) (the “Fund”), a closed-end fund advised by Brookfield Public Securities Group LLC (“PSG”),