Global Diversified Financials Undervalued based on future growth

FirstRand

Market Cap: R506.4b

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

3i Group

Market Cap: UK£22.5b

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$198.8b

Provides investment banking services in Mainland China and internationally.

China International Capital

Market Cap: HK$145.0b

Provides financial services in Mainland China and internationally.

Global Payments

Market Cap: US$18.1b

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

China Galaxy Securities

Market Cap: HK$129.6b

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

Kaspi.kz

Market Cap: US$15.4b

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

Futu Holdings

Market Cap: US$12.9b

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

AGNC Investment

Market Cap: US$11.7b

Provides private capital to housing market in the United States.

Virtu Financial

Market Cap: US$8.1b

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

XP

Market Cap: US$7.9b

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

Guolian Minsheng Securities

Market Cap: HK$54.5b

Provides various financial products and services in the People’s Republic of China.

Investec Group

Market Cap: R114.0b

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

OneMain Holdings

Market Cap: US$6.4b

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

China CITIC Financial Asset Management

Market Cap: HK$49.8b

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

Victory Capital Holdings

Market Cap: US$5.5b

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

Rithm Capital

Market Cap: US$5.1b

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

Lazard

Market Cap: US$4.6b

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

Hamilton Lane

Market Cap: US$4.5b

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$4.2b

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

Enova International

Market Cap: US$4.2b

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

Grupo de Inversiones Suramericana

Market Cap: Col$15.1t

Through its subsidiaries, invests in the financial services sector in Colombia, Chile, Mexico, Brazil, Uruguay, Panama, Peru, Dominican Republic, El Salvador, Argentina, the United States, Luxembourg, and Bermuda.

Marex Group

Market Cap: US$4.0b

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

Gentera. de

Market Cap: Mex$64.7b

Provides various financial products and services in Mexico and Peru.

NCR Atleos

Market Cap: US$3.3b

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$2.8b

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

Euronet Worldwide

Market Cap: US$2.5b

Provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers internationally.

PagSeguro Digital

Market Cap: US$2.4b

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

Western Union

Market Cap: US$2.3b

Provides money movement payments, and digital financial services in the United States and internationally.

Fuyo General Lease

Market Cap: JP¥373.2b

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

IIFL Finance

Market Cap: ₹219.8b

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

Merchants Bancorp

Market Cap: US$2.2b

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

ARMOUR Residential REIT

Market Cap: US$2.1b

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

Capri Global Capital

Market Cap: ₹194.6b

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

LendingClub

Market Cap: US$2.0b

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