Global Diversified Financials Healthy potentially undervalued

REC

Market Cap: ₹989.0b

Engages in the provision of financing services for power generation, transmission, and distribution projects in India.

XP

Market Cap: US$8.5b

Provides financial products and services in Brazil.

FinVolution Group

Market Cap: US$2.3b

An investment holding company, operates in the online consumer finance industry in the People’s Republic of China, Indonesia, and internationally.

Credit Corp Group

Market Cap: AU$1.1b

Engages in the provision of debt ledger purchasing, collection, and consumer lending services.

AEON Credit Service (M) Berhad

Market Cap: RM 2.6b

Provides consumer financial services in Malaysia.

Kiwoom Securities

Market Cap: ₩5.1t

Provides online brokerage services in South Korea and internationally.

Samsung SecuritiesLtd

Market Cap: ₩6.0t

Samsung Securities Co., Ltd. operates as a financial investment company in South Korea and internationally.

Power Finance

Market Cap: ₹1.3t

A non-banking finance company, provides financial products and related advisory services to the power, logistics, and infrastructure sectors in India.

MPC Münchmeyer Petersen Capital

Market Cap: €171.3m

A publicly owned investment manager.

Kaspi.kz

Market Cap: US$17.4b

Provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine.

FleetPartners Group

Market Cap: AU$584.3m

Provides fleet management services in Australia and New Zealand.

Qfin Holdings

Market Cap: US$4.1b

Qfin Holdings, Inc., together with its subsidiaries, operate AI- driven credit-tech platform under the Qifu Jietiao brand in the People’s Republic of China.

Srisawad Corporation

Market Cap: ฿40.5b

Provides financial services in Thailand and internationally.

Tokyo Century

Market Cap: JP¥913.9b

Provides equipment leasing, automobility, specialty financing, environmental infrastructure, and international businesses in Japan and internationally.

Propel Holdings

Market Cap: CA$1.3b

Operates as a financial technology company.

OSB Group

Market Cap: UK£2.0b

Through its subsidiaries, operates as a specialist mortgage lending company in the United Kingdom and India.

Ameriprise Financial

Market Cap: US$47.6b

Operates as a diversified financial services company in the United States and internationally.

GQG Partners

Market Cap: AU$5.2b

Operates as a boutique asset management company worldwide.

Jefferson Capital

Market Cap: US$1.0b

Provides debt recovery solutions and other related services in the United States, the United Kingdom, Canada, and Latin America.

Julius Bär Gruppe

Market Cap: CHF 12.2b

Provides wealth management solutions in Switzerland, Europe, the Americas, Asia, and internationally.

T. Rowe Price Group

Market Cap: US$23.0b

A publicly owned investment manager.

StoneCo

Market Cap: US$4.0b

Provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil.

Worldline

Market Cap: €881.4m

Provides payments and transactional services for financial institutions, merchants, corporations, and government agencies in Northern Europe, Central and Eastern Europe, Southern Europe, and internationally.

Alerus Financial

Market Cap: US$544.5m

Operates as the bank holding company for Alerus Financial, National Association that provides various financial services to businesses and consumers in the United States.

Impax Asset Management Group

Market Cap: UK£252.3m

A publicly owned investment manager.

Chailease Holding

Market Cap: NT$196.8b

An investment holding company, provides leasing and financial services in Taiwan, China, ASEAN countries, and internationally.

M&A Capital PartnersLtd

Market Cap: JP¥96.1b

Engages in the mergers and acquisitions (M&A) brokerage business in Japan.

HMC Capital

Market Cap: AU$1.6b

Owns and manages real estate focused funds in Australia.

Deutsche Bank

Market Cap: €60.9b

A stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Enact Holdings

Market Cap: US$5.6b

Operates as a private mortgage insurance company in the United States.

PROG Holdings

Market Cap: US$1.3b

A financial technology holding company, provides payment options to consumers in the United States.

CMC Markets

Market Cap: UK£628.1m

Provides a platform for investing, trading, and brokerage in the United Kingdom, Australia, and internationally.

W.A.G payment solutions

Market Cap: UK£592.1m

Operates integrated payments and mobility platform that focuses on the commercial road transportation industry in Europe.

IG Group Holdings

Market Cap: UK£4.0b

A fintech company, engages in the online trading business in the United Kingdom, Ireland, the Asia-Pacific, the Middle East, the United States, Europe, and emerging markets.

Nomura Holdings

Market Cap: JP¥3.1t

Provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide.

Daiwa Securities Group

Market Cap: JP¥1.6t

Operates in the financial and capital markets in Japan and internationally.