Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Bahrain National Holding Company B.S.C

Market Cap: ب.د60.1m

Bahrain National Holding Company B.S.C., together with its subsidiaries, asset management services in the Kingdom of Bahrain and other GCC countries.

Oxford Bank

Market Cap: US$104.0m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

Inversiones Siemel

Market Cap: CL$108.8b

An investment holding company, operates in the agribusiness and agriculture, real estate, finance, and information technology sectors in Chile.

Export Development Bank of Egypt (S.A.E.)

Market Cap: ج.م22.6b

Provides various banking products and services in Egypt.

Lion Capital

Market Cap: RON 2.3b

SIF Banat-Crisana is a self-managed closed-end investment company and since March 2018, it is authorized by ASF as alternative investment fund manager.

Suez Canal Company for Technology Settling (S.A.E)

Market Cap: ج.م31.9b

Engages in the establishment and management of technology zones, scientific incubators, and training centers for the preparation of researchers, transfer technology, and related services in Egypt.

Tri-County Financial Group

Market Cap: US$124.5m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services, and insurance services to individuals and businesses in the United States.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م31.6b

Produces and sells fertilizers.

Sociedad Matriz SAAM

Market Cap: CL$1.5t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals services in South America, Central America, and North America.

Potasios de Chile

Market Cap: CL$1.0t

Invests in shares and other financial instruments in Chile.

Nexa Resources AtacochaA

Market Cap: S/1.3b

Operates as a mining company worldwide.

Changjiu Holdings

Market Cap: HK$968.4m

An investment holding company, provides pledged vehicle monitoring and automobile dealership operation management services in China.

Chobe Holdings

Market Cap: P1.7b

Through its subsidiaries, engages in owning and operating ecotourism lodges and camps on leased lands in northern Botswana and the Caprivi Strip in Namibia.

Telekom Networks Malawi

Market Cap: MK 354.6b

Provides telecommunication services to enterprises and individual customers in Malawi.

Natural Food International Holding

Market Cap: HK$3.6b

An investment holding company, manufactures and sells natural health food products in China.

Bank of Africa Mali

Market Cap: XOF 128.6b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.

KFM Kingdom Holdings

Market Cap: HK$1.4b

An investment holding company, manufactures and sells precision metal stamping products in the People’s Republic of China, South East Asia, Hong Kong, North America, Europe, and internationally.

Industrias del Cobre Sociedad Anónima

Market Cap: S/952.8m

Engages in the manufacture and sale of wires, and electrical and telecommunication cables and conductors in Peru and internationally.

Corporación Financiera Colombiana

Market Cap: Col$6.1t

Operates as a private financial institution in Columbia and Central America.

MAPFRE Middlesea

Market Cap: €142.6m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Empresas Lipigas

Market Cap: CL$930.4b

Provides energy solutions through the marketing, distribution, and sale of liquefied petroleum gas (LPG), natural gas (NG), liquefied natural gas (LNG), and electricity for residential, commercial, and industrial use in Chile, Colombia, Peru, and Ecuador.

China Bohai Bank

Market Cap: HK$14.6b

Provides various personal and corporate banking products and services in the People’s Republic of China.

Shandong Molong Petroleum Machinery

Market Cap: HK$8.2b

Engages in the design, research and development, production, and sale of products and services for the energy equipment industry in the People’s Republic of China and internationally.

YH Entertainment Group

Market Cap: HK$1.7b

An investment holding company, operates as an artist management company in Mainland China and Korea.

Pizu Group Holdings

Market Cap: HK$5.7b

An investment holding company, manufactures, trades, and sales of civil explosives in the People's Republic of China and Tajikistan.

Oshidori International Holdings

Market Cap: HK$12.0b

An investment holding company, provides financial services in Hong Kong.

Grendene

Market Cap: R$4.2b

Engages in the development, production, distribution, sale, and market of plastic footwear in Brazil, North America, Asia, Oceania, Europe, Central and South America, the Middle East, and Africa.

Yibin City Commercial Bank

Market Cap: HK$12.1b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

S.A.S. Dragon Holdings

Market Cap: HK$3.0b

An investment holding company, provides electronic supply chain services in Hong Kong, Mainland China, Taiwan, the United States, Vietnam, Singapore, Macao, and internationally.

Tait Marketing & Distribution

Market Cap: NT$3.7b

Engages in the marketing, agency, and distribution of various foods, beverages, liquors, and supplies in Taiwan.

Canal Shipping Agencies

Market Cap: ج.م8.5b

Provides various shipping services to the international commercial fleet in Egypt.

Cashmere Valley Bank

Market Cap: US$258.6m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

Central Forest Group

Market Cap: JP¥23.1b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

Freetrailer Group

Market Cap: €539.5m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.