Why Gabelli’s Active, Nontransparent Financials ETF Is Outperforming

Portfolio manager Mac Sykes talks about his nontransparent active ETF focused on financials.

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Reviewed by: etf.com Staff
Edited by: Sean Allocca

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.

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.

Join etf.com writers and analysts Sean Allocca (@theseanscoop) and Sumit Roy (@SumitRoy2) for a weekly dose of what's going on in markets and the ETF world! You can listen on your favorite podcast app whenever.