Global Diversified Financials Undervalued based on future growth

3i Group

Market Cap: UK£39.9b

A private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins.

CSC Financial

Market Cap: HK$194.9b

Provides investment banking services in Mainland China and internationally.

Corebridge Financial

Market Cap: US$19.5b

Provides retirement solutions and insurance products in the United States.

Equitable Holdings

Market Cap: US$15.5b

Together with its consolidated subsidiaries, operates as a diversified financial services company worldwide.

Kaspi.kz

Market Cap: US$15.1b

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

Annaly Capital Management

Market Cap: US$13.1b

A diversified capital manager, engages in the mortgage finance business.

Stifel Financial

Market Cap: US$11.7b

Operates as the bank holding company for Stifel, Nicolaus & Company, Incorporated that provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally.

Mr. Cooper Group

Market Cap: US$10.0b

Operates as a non-bank servicer of residential mortgage loans in the United States.

AGNC Investment

Market Cap: US$9.8b

Provides private capital to housing market in the United States.

OneMain Holdings

Market Cap: US$6.9b

A financial service holding company, engages in the consumer finance and insurance businesses in the United States.

Voya Financial

Market Cap: US$6.7b

Provides workplace benefits, and savings solutions and technologies in the United States and internationally.

SLM

Market Cap: US$6.6b

Through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States.

Rithm Capital

Market Cap: US$6.4b

Operates as an asset manager focused on real estate, credit, and financial services in the United States.

Lazard

Market Cap: US$4.9b

Operates as a financial advisory and asset management firm in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Housing and Urban Development

Market Cap: ₹421.3b

Provides loans and financing for housing and urban development projects in India.

PennyMac Financial Services

Market Cap: US$4.8b

Through its subsidiaries, engages in the mortgage banking and investment management activities in the United States.

Azimut Holding

Market Cap: €4.1b

Engages in the asset management business.

Victory Capital Holdings

Market Cap: US$4.6b

Operates as an asset management company in the United States and internationally.

Qfin Holdings

Market Cap: US$4.6b

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.

BGC Group

Market Cap: US$4.4b

Operates as a financial brokerage and technology company in the United States, Europe, the Middle East, Africa, and the Asia Pacific.

Kiwoom Securities

Market Cap: ₩5.7t

Provides online brokerage services in South Korea and internationally.

Tikehau Capital

Market Cap: €3.3b

An alternative asset management group with €46.1 billion of assets under management (as of 30 June 2024).

Hercules Capital

Market Cap: US$3.4b

A business development company.

Moscow Exchange MICEX-RTS

Market Cap: ₽192.3b

Public Joint-Stock Company Moscow Exchange MICEX-RTS, an integrated exchange, provides competitive trading, clearing, settlement, depository, and information services to financial market participants.

DLocal

Market Cap: US$2.9b

Operates a payment processing platform worldwide.

Burford Capital

Market Cap: US$2.8b

Provides legal finance products and services worldwide.

Enova International

Market Cap: US$2.6b

A technology and analytics company, provides online financial services in the United States, Brazil, and internationally.

Man Group

Market Cap: UK£1.8b

Man Group Limited is a publicly owned investment manager.

Manappuram Finance

Market Cap: ₹209.8b

A gold loan non-banking financial company, provides fund-based and fee-based financial services in India.

PagSeguro Digital

Market Cap: US$2.3b

Engages in the provision of financial and payment solutions for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally.

NCR Atleos

Market Cap: US$2.2b

A financial technology company, provides self-directed banking solutions to financial institutions, merchants, manufacturers, retailers, and consumers in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Yixin Group

Market Cap: HK$17.3b

Operates as an online automobile finance transaction platform in China.

FinVolution Group

Market Cap: US$2.2b

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

goeasy

Market Cap: CA$2.9b

Provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada.

Peugeot Invest Société anonyme

Market Cap: €1.8b

Operates as an investment company.

First National Financial

Market Cap: CA$2.9b

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada.