Davis Select Financial ETF (DFNL)
Davis Select Financial ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Tucson, AZ, US. The stock last traded at $52.63, up 0.11% on the session, giving a market capitalisation of $468.2M. Its beta of 0.83 implies it has historically moved less than the broad market.
DFNL holds a concentrated portfolio of financial services companies of all capitalization, from both developed and emerging markets. The funds active management takes a bottom-up, research-driven approach to the global financial sector. DFNL emphasizes individual security selection and focuses particularly on the quality of a companys management, business model and competitive advantages. The fund manager aims to purchase securities at a discount to intrinsic value, ideally holding these positions for at least five years. DFNLs definition of the financial sector is consistent with the 2016 GICS reclassification, meaning it excludes real estate firms and REITs (but includes mortgage REITs). DFNL launched in January 2017 from issuer Davis, an established asset manager that is new to ETFs.
Davis Select Financial ETF is most often compared with the following Financial Services names: