Rajiv Jain Pivots GQG Partners to Aggressive AI Investment
Rajiv Jain reversed his bearish stance on artificial intelligence to aggressively increase technology stock allocations following significant investor outflows at GQG Partners.
Founder of GQG Partners Rajiv Jain has reversed his previous bearish outlook on artificial intelligence, shifting from describing the AI boom as a "dot-com bubble on steroids" to aggressively increasing technology stock allocations. Since July 2026, Jain has pivoted the firm's strategy, citing stronger demand for computing power, improved valuations, and a rebound in GPU prices as the primary drivers for the change.
This strategic shift follows a period of significant underperformance for the firm. Since mid-2025, GQG Partners experienced $36 billion in investor outflows as its funds trailed competitors during the AI-led market rally. To finance these new technology positions, Jain reduced the firm's heavy overweight holdings in India and Brazil.
By August, GQG tripled the technology allocation in its emerging-market fund to approximately 35%. Simultaneously, the firm's flagship international equity fund saw its tech exposure climb to 28%, up from 5.4% in July. These new positions include significant investments in Samsung Electronics and Taiwan Semiconductor Manufacturing Co.
