After Brazil's President Lula was unexpectedly re-elected, investors have withdrawn from the Brazilian market, and Rajiv Jain is preparing to once again adopt the strategy he used in the past: buying in times of market panic. Jain, co-founder of GQG Partners, told Bloomberg that investors overreacted to the election results considering that Brazilian corporate valuations are still attractive, profits are strong, and dividend yields are high. Jain, who manages around $150 billion in assets, said, “If you look at it in the long run, we think Brazil is one of the most attractive stock markets in emerging markets.” “If the sell-off intensifies further, we may become buyers,” he said.

After Brazil's President Lula was unexpectedly re-elected, investors have withdrawn from the Brazilian market, and Rajiv Jain is preparing to once again adopt the strategy he used in the past: buying in times of market panic. Jain, co-founder of GQG Partners, told Bloomberg that investors overreacted to the election results considering that Brazilian corporate valuations are still attractive, profits are strong, and dividend yields are high. Jain, who manages around $150 billion in assets, said, “If you look at it in the long run, we think Brazil is one of the most attractive stock markets in emerging markets.” “If the sell-off intensifies further, we may become buyers,” he said.