HomeStock MarketGQG's partners India portfolio up 125% in 2023

GQG’s partners India portfolio up 125% in 2023

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  1. GQG Partners witnessed a remarkable surge in its India portfolio value, doubling from $4.4 billion to $9.9 billion in a year, led by successful stock picks across various sectors.
  2. Beyond its prominent investments in the Adani Group, GQG expanded its Indian holdings across infrastructure, consumer goods, and energy sectors, contributing to its robust performance.
  3. The growing Indian market, backed by Prime Minister Narendra Modi’s infrastructure initiatives, attracted global investors like GQG, seeking viable alternatives to China.
  4. GQG’s investment in the Adani Group reached a valuation of $7 billion, signifying its significant contribution to the overall portfolio growth despite controversies and allegations.
  5. GQG appears committed to a long-term investment strategy, emphasizing sectors like private sector banks, IT, consumer staples, and particularly infrastructure, which Rajiv Jain views as an undervalued area with substantial growth potential in India.
SourceTOI

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