- Business
- Gabelli Financial Services Opportunities ETF (GABF) is an actively managed, fully transparent exchange-traded fund that seeks capital appreciation by investing at least 80% of its net assets in common stocks of companies principally engaged in the financial services sector, including banking and financing, asset management, insurance, brokerage, securities exchanges, financial data providers, and mortgage REITs; it employs Gabelli Funds' proprietary Private Market Value with a Catalyst™ methodology to identify firms with durable brands, productive capital allocation, and potential catalysts such as buyouts or management changes. The ETF targets secular trends like financial digitization, the multi-trillion-dollar generational wealth transfer from baby boomers to millennials, and broader U.S. economic growth, with top holdings including SuRo Capital Corp, Berkshire Hathaway Inc Class B, JPMorgan Chase & Co, Wells Fargo & Co, FactSet Research Systems Inc, Interactive Brokers Group Inc Class A, KKR & Co Inc, WR Berkley Corp, Blue Owl Capital Inc, and Chubb Ltd. GABF shares trade on the NYSE Arca exchange and are distributed by G.Distributors, LLC. Launched on May 10, 2022, the ETF is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc., which was founded in 1976 by Mario Gabelli and is headquartered at One Corporate Center in Rye, New York. In September 2024, GABF announced its conversion from a non-transparent active ETF structure utilizing the Precidian model to a fully transparent ETF, enhancing intraday portfolio visibility for investors; this change was part of a broader initiative completed on December 17, 2025, when Gabelli Funds declared all seven of its actively managed ETFs, including GABF, fully transparent to provide greater access to its bottom-up research across equity and income strategies. The fund operates primarily in U.S. markets with exposure concentrated in North America (approximately 90%), serving institutional and retail investors seeking targeted financial services sector growth.