Global Diversified Financials Undervalued based on future growth

Invesco Mortgage Capital

Market Cap: US$503.9m

Operates as a real estate investment trust (REIT) that invests, finances, and manages mortgage-backed securities and other mortgage-related assets in the United States.

Equitas Holdings

Market Cap: ₹41.1b

Equitas Holdings Limited, through its subsidiaries, operates as a non-banking financial institution in India.

Timbercreek Financial

Market Cap: CA$626.4m

Provides shorter-duration structured financing solutions to commercial real estate investors in Canada.

J Trust

Market Cap: JP¥61.5b

Provides various financial services in Japan.

AEON Credit Service (Asia)

Market Cap: HK$3.1b

Provides consumer finance services in Hong Kong and the People’s Republic of China.

Regional Management

Market Cap: US$336.4m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.

Onity Group

Market Cap: US$321.6m

A financial services company, originates and services forward and reserve mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines.

MarketWise

Market Cap: US$320.6m

Operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally.

Paisalo Digital

Market Cap: ₹27.5b

A non-banking financial company, engages in providing loans and financial products in India.

ITHAX Acquisition

Market Cap: US$312.6m

As of July 18, 2022, ITHAX Acquisition Corp.

S&U

Market Cap: UK£228.4m

Provides motor, property bridging, and specialist finance services in the United Kingdom.

NewtekOne

Market Cap: US$295.3m

Operates as the bank holding company for Newtek Bank, National Association that provides various business and financial solutions under the Newtek and NewtekOne brands to the small- and medium-sized business market.

Generalfinance

Market Cap: €210.4m

Provides factoring service for distressed companies in Italy.

Resimac Group

Market Cap: AU$354.1m

Provides residential mortgage and asset finance lending products in Australia and New Zealand.

AG Mortgage Investment Trust

Market Cap: US$230.1m

Operates as a residential mortgage real estate investment trust in the United States.

UGRO Capital

Market Cap: ₹19.4b

A non-banking financial company, engages in the lending business in India.

Eleving Group

Market Cap: €186.3m

Provides vehicle and consumer finance services in Europe, Africa, and internationally.

Silvercrest Asset Management Group

Market Cap: US$205.7m

A wealth management firm, provides financial advisory and related family office services in the United States.

KginicisLtd

Market Cap: ₩280.6b

Operates as a electronic payment company in Korea.

Solvar

Market Cap: AU$301.8m

Provides automotive finance in Australia and New Zealand.

Humm Group

Market Cap: AU$277.5m

Provides various financial products and services in Australia, New Zealand, Ireland, the United Kingdom, and Canada.

Satin Creditcare Network

Market Cap: ₹15.7b

A non-banking finance company, provides micro finance services in India.

Asia Sermkij Leasing

Market Cap: ฿5.7b

Engages in the provision of auto hire purchase services in Thailand.

Ichiyoshi Securities

Market Cap: JP¥25.1b

Provides investment and financial services in Japan.

Consumer Portfolio Services

Market Cap: US$169.7m

Operates as a specialty finance company in the United States.

ASA International Group

Market Cap: UK£124.5m

Operates as a microfinance institution in Asia and Africa.

Multitude

Market Cap: €140.3m

Provides digital lending and online banking services in Finland.

CAB Payments Holdings

Market Cap: UK£117.0m

Through its subsidiaries, provides foreign exchange (FX) and cross-border payments services to banks, fintech companies, supranationals, and governments in the United Kingdom and internationally.

Nice Information & Telecommunication

Market Cap: ₩200.9b

Nice Information & Telecommunication, Inc.

Premier Miton Group

Market Cap: UK£102.4m

A publicly owned investment manager.

Cash Converters International

Market Cap: AU$205.5m

Operates as a franchisor and retailer of second-hand goods and financial services stores under the Cash Converters brand name in Australia, New Zealand, the United Kingdom, and internationally.

Sunrise Realty Trust

Market Cap: US$131.1m

Engages in commercial real estate lending business in the United States.

Lument Finance Trust

Market Cap: US$116.7m

A real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States.

Advanced Flower Capital

Market Cap: US$101.7m

Advanced Flower Capital Inc. originates, structures, underwrites, invests in, and manages senior secured loans and other types of mortgage loans and debt securities for established companies operating in the cannabis industry.

TradeGo FinTech

Market Cap: HK$784.1m

An investment holding company, provides integrated securities trading platform services to brokerage firms and their clients in Hong Kong and the People’s Republic of China.

Currency Exchange International

Market Cap: CA$124.2m

Together with its subsidiary, Exchange Bank of Canada, provides foreign exchange technology and processing services in Canada and the United States.