9/22/23 - Why Gabelli’s Active, Nontransparent Financials ETF Is Outperforming

It’s been a tumultuous year for financial stocks. From the regional banking crisis to the inverted yield curve, the sector has faced numerous headwinds in 2023. It’s no surprise then that most financial sector ETFs are underperforming the broader market—but not all of them. excha The Gabelli Financial Services Opportunities ETF (GABF)—an actively-managed nontransparent fund— is beating the market handily. To find out why that is, ETF.com Senior analyst Sumit Roy sat down with GABF’s portfolio manager, Mac Sykes. Tune in to this episode to hear Sykes explain the success of his ETF.