Global Diversified Financials Undervalued based on future growth

3i Group

Market Cap: UK£36.5b

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$205.2b

Provides investment banking services in Mainland China and internationally.

Kaspi.kz

Market Cap: US$16.1b

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

Annaly Capital Management

Market Cap: US$14.2b

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

Stifel Financial

Market Cap: US$11.6b

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.

AGNC Investment

Market Cap: US$10.6b

Provides private capital to housing market in the United States.

Shift4 Payments

Market Cap: US$7.6b

Engages in the provision of software and payment processing solutions in the United States and internationally.

Voya Financial

Market Cap: US$7.4b

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

OneMain Holdings

Market Cap: US$7.3b

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

Nexi

Market Cap: €5.6b

Provides electronic money and payment services to banks, small and medium-sized enterprises, large international corporations, institutions, and public administrations in Italy, Nordics and Baltics, Germany, Austria, Switzerland, Poland, Southeast Europe, and internationally.

Rithm Capital

Market Cap: US$6.6b

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

PennyMac Financial Services

Market Cap: US$6.4b

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

SLM

Market Cap: US$5.8b

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.

Lazard

Market Cap: US$5.1b

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: ₹448.8b

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

StoneX Group

Market Cap: US$4.9b

Operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem in the United States, Europe, South America, the Middle East, Asia, and internationally.

Victory Capital Holdings

Market Cap: US$4.6b

Operates as an asset management company in the United States 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.

NCR Atleos

Market Cap: US$2.9b

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.

Enova International

Market Cap: US$2.9b

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

PagSeguro Digital

Market Cap: US$2.8b

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.

Burford Capital

Market Cap: US$2.8b

Provides legal finance products and services worldwide.

Rathbones Group

Market Cap: UK£1.9b

Provides wealth management, asset management, and related services in the United Kingdom and Channel Islands.

Man Group

Market Cap: UK£1.8b

Man Group Limited is a publicly owned investment manager.

goeasy

Market Cap: CA$3.4b

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

Yixin Group

Market Cap: HK$18.6b

Operates as an online automobile finance transaction platform in China.

Marex Group

Market Cap: US$2.3b

A financial services platform provider company, provides liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets in the United Kingdom, the United States, and internationally.

Peugeot Invest Société anonyme

Market Cap: €1.9b

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.

LendingClub

Market Cap: US$2.0b

Operates as a bank holding company, that provides range of financial products and services in the United States.

FinVolution Group

Market Cap: US$2.0b

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

Aiful

Market Cap: JP¥241.8b

Engages in the consumer finance and credit guarantee business in Japan.

Dynex Capital

Market Cap: US$1.6b

A mortgage real estate investment trust, invests in mortgage-backed securities (MBS) in the United States.

CSSC (Hong Kong) Shipping

Market Cap: HK$11.8b

Operates as a shipyard-affiliated leasing company in People Republic of China, Asia, the United States, and Europe.