GQG funds whacked as Rajiv Jain stares down US tech rebound
Missing out on a stunning rebound in Wall Street’s technology giants would rattle most investment chiefs, but GQG Partners’ Rajiv Jain remains unnerved.
Instead, the high-profile stockpicker has doubled down on a bet against US tech stocks this year, which means GQG has missed out on the recent resurgence in the so-called magnificent seven, including Nvidia, Apple and Meta, over the past month.
The bold call has cost Jain performance, with GQG’s $US3.7 billion ($5.7 billion) Global Equity Fund falling 4.6 per cent last month and nearly 10 per cent in the three months to April 30. That has dragged its one-year return to just 2.8 per cent.
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Last
$2.12 |
Change
-0.030(1.40%) |
Mkt cap ! $6.265B | |||
| Open | High | Low | Value | Volume |
| $2.15 | $2.16 | $2.07 | $8.154M | 3.867M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 120183 | $2.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.12 | 6228 | 3 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| GQG (ASX) Chart |