In a Bloomberg interview, Rajiv Jain discussed GQG’s investment focus, particularly its significant stake in NVIDIA and a shift toward semiconductor and hardware sectors due to their strong growth potential. He remains bullish on the long-term prospects despite the inherent cyclicality of the market. Jain also commented on the macroeconomic factors affecting investment decisions, expressing less concern about US elections but noting the impact of European political shifts and the Ukraine-Russia conflict on investor sentiment.
Regarding global markets, Jain remains optimistic about India’s growth trajectory despite recent election results. He talks about being selective in emerging markets, with a nuanced approach to geopolitical influences.