Global Diversified Financials Undervalued based on future growth

3i Group

Market Cap: UK£25.6b

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

FirstRand

Market Cap: R535.6b

Provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally.

CSC Financial

Market Cap: HK$217.3b

Provides investment banking services in Mainland China and internationally.

Global Payments

Market Cap: US$21.9b

Provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific.

China International Capital

Market Cap: HK$163.3b

Provides financial services in Mainland China and internationally.

China Galaxy Securities

Market Cap: HK$134.8b

Provides various financial services in China, Hong Kong, and internationally.

Kaspi.kz

Market Cap: US$16.9b

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

Futu Holdings

Market Cap: US$14.5b

Engages in the provision of digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally.

XP

Market Cap: US$8.7b

Engages in the provision of financial products and services in Brazil.

Investec Group

Market Cap: R115.9b

Provides various financial products and services in South Africa, the United Kingdom, and internationally.

OneMain Holdings

Market Cap: US$6.9b

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

Sony Financial Group

Market Cap: JP¥1.1t

Provides financial services in Japan.

Victory Capital Holdings

Market Cap: US$6.1b

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

China CITIC Financial Asset Management

Market Cap: HK$47.3b

Operates as a financial asset management company in Mainland China and Hong Kong.

Rithm Capital

Market Cap: US$5.1b

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

Grupo de Inversiones Suramericana

Market Cap: Col$16.3t

Through its subsidiaries, invests in the financial services sector in Colombia.

Hamilton Lane

Market Cap: US$4.7b

A private equity and venture capital firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies.

PennyMac Financial Services

Market Cap: US$4.4b

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

Lazard

Market Cap: US$4.3b

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

Gentera. de

Market Cap: Mex$62.7b

Provides various financial products and services in Mexico and Peru.

NCR Atleos

Market Cap: US$3.5b

A financial technology company, engages in the provision of 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.

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.

Dynex Capital

Market Cap: US$3.1b

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

UWM Holdings

Market Cap: US$3.0b

Engages in the origination, sale, and servicing residential mortgage lending in the United States.

DigitalBridge Group

Market Cap: US$3.0b

DigitalBridge Group Inc. is a leading global alternative asset manager dedicated to investing in digital infrastructure.

Blackstone Mortgage Trust

Market Cap: US$2.9b

A real estate finance company, originates, acquires, and manages loans and other debt or credit-oriented investments collateralized by or relating to commercial real estate.

PagSeguro Digital

Market Cap: US$2.7b

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

IIFL Finance

Market Cap: ₹242.6b

A non-banking financial company, provides financial services in India and internationally.

Fuyo General Lease

Market Cap: JP¥399.8b

Engages in the leasing and instalment sales business in Japan and internationally.

Merchants Bancorp

Market Cap: US$2.2b

Operates as the diversified bank holding company in the United States.

Happen

Market Cap: US$2.2b

Operates as a bank holding company that provides financial and lending services.

ARMOUR Residential REIT

Market Cap: US$2.0b

Invests in residential mortgage-backed securities (MBS) in the United States.

Stanbic IBTC Holdings

Market Cap: ₦2.6t

A financial holding company, provides banking and other financial services to individuals, businesses, institutions, and corporations in Nigeria and internationally.

Patria Investments

Market Cap: US$1.8b

Operates as a private market investment firm.

Trinity Capital

Market Cap: US$1.6b

A business development company specializing in term loans, equipment financing, and private equity-related investments.

PicS

Market Cap: US$1.6b

Operates as a digital financial services company that provides digital wallet and application for individuals and businesses in Brazil.