This week, we speak with Rajiv Jain, Founder and CIO of GQG Partners. The firm started 3 years ago, and has $24 billion in assets under management. Jain was the 2012 Morningstar International Manager of the Year. Previously, he served as a Co-CEO and CIO at Vontobel Asset Management.
Jain discusses some of the details of his methodology: he uses both a top down macro view to focus on geographies, and then a bottoms up approach when selecting individual stocks from within those regions. Further, he explains why bonds of international stocks are a great tell for equities. Perhaps most intriguing, he notes that some adaptation is required to adjust to the local politics of each different country.
Jain explains why India is is single biggest holding in his portfolio, and why he recently flipped bullish on Russia after spending 20 years as a Russia Bear. He notes that being an international investor has made him a much better U.S. investor, a statement supported by his outperformance in US funds.
You can stream/download the full conversation, including the podcast extras on Apple iTunes, Bloomberg, Spotify, Google Podcasts, Overcast, and Stitcher. All of our earlier podcasts on your favorite pod hosts can be found here.
Next week, we speak with Danny Blanchflower, Professor of Economics, Dartmouth College, former member of the Monetary Policy Committee at the Bank of England, and author of Not Working: Where Have All the Good Jobs Gone?
Rajiv Jain Favorite Books
Common Stocks and Uncommon Profits and Other Writings by Philip A. Fisher
The Essays of Warren Buffett: Lessons for Corporate America compiled by Lawrence A. Cunningham