First Trust Financials AlphaDEX becomes the largest shareholders of Freedom Holding after Timur Turlov
Written by Emily J. Thompson, Senior Investment Analyst
0mins
Source: Newsfilter
First Trust Financials AlphaDEX Fund Investment: The First Trust Financials AlphaDEX Fund has acquired 185,000 shares of Freedom Holding Corp., making it the second largest shareholder after CEO Timur Turlov, with FRHC now representing a 1.22% weighting in the fund's index.
Freedom Holding's Growth and Recognition: Freedom Holding is experiencing significant growth and digital transformation, leading to a positive outlook from S&P Global Ratings and inclusion in the Stanford Graduate School of Business curriculum, highlighting its strong position in the financial sector.
Analyst Views on FRHC
About FRHC
Freedom Holding Corp. is a holding company. The Company, through its subsidiaries, provides services, including securities brokerage, securities dealing for customers and for its own account, market making activities, investment research, investment counseling, investment banking services, retail and commercial banking, insurance products, payment services, and information processing services. The Company operates through four segments: Brokerage, Banking, Insurance, and Other. Its Brokerage segment primarily focuses on retail brokerage and investment banking. Its Banking segment encompasses lending, deposit services, payment card services, money transfers, and correspondent accounts, supporting both individual and corporate clients with digital financial solutions. Its Insurance segment offers life and general insurance services. Its Other segment includes payment processing services, online ticket sales, and new business areas including telecommunications and media services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
