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GAMCO Investors, Inc. (NYSE: GBL) will launch the Gabelli Financial Services Opportunities ETF (NYSE: GABF) on or around May 10, 2022. The ETF aims for capital appreciation by investing in firms in the financial services sector. A notable feature is a "loyalty" program that waives fees for the first $25 million in assets under management. The ETF will focus on companies benefiting from economic trends in wealth advisory and digital applications. As of March 31, 2022, GAMCO managed $33.4 billion in assets.
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