On 31 March, American financial and business news outlet Investor’s Business Daily included the stocks of Freedom Holding Corp. (FRHC) in the IBD 50 ETF (NYSE:FFTY). This index is made up of successful companies that demonstrate outstanding profit growth, liquidity and a high return on equity. The holding company’s securities were rated fifth, along with other stocks such as Tesla, PayPal, Taiwan Semiconductor, Fortinet and Square.
Freedom Holding Corp. is a public holding company that specialises in the provision of investment services in global stock markets under the Freedom Finance brand. It has a 100% European subsidiary, Freedom Finance Europe Ltd. The holding company’s stocks are listed under the ticker symbol ‘FRHC’ on Nasdaq, the world’s leading technology exchange. Over the year, the stocks have demonstrated an impressive growth of 281%. As of 1 April, the company’s market capitalisation is USD 3 billion.