GQG’s Jain says selling Brazil after Lula’s win is a ‘mistake’

Jain's pushback is a reminder that political regime change often triggers reflexive selling that outpaces fundamentals, and his firm's size gives the call market weight. The real test is whether the selloff deepens enough for GQG to act on its stated willingness to buy, or whether valuation and dividend appeal draw other institutional buyers first. For Brazil-exposed allocators, the divide between headline-driven and fundamentals-driven positioning is now the key fault line to watch.