GQG adds more Nvidia, considers increasing exposure to Adani, says CIO

GQG Partners

01/06/2023 17:09

By Carolina Mandl
       NEW YORK, June 1 (Reuters) - A big buyer of Nvidia
Corp's  NVDA.O  shares in the first quarter, Australia-listed
investment firm GQG Partners  QGQ.AX , said it has continued to
increase its exposure to the company since then and intends to
buy more stocks of India's conglomerate Adani.
    Fort Lauderdale, Florida-based GQG, which manages almost
$100 billion in assets, added 8.2 million shares in Nvidia in
the first quarter, worth $2.3 billion then, according to a
regulatory filing. Since then, Chief Investment Officer Rajiv
Jain said in an interview that GQG has "meaningfully increased"
its position in Nvidia. The CIO declined to disclose the amount
it further invested.
    Jain also said the asset manager is considering raising its
exposure to Adani by participating in capital increases the
group announced in May.
    

 (Reporting by Carolina Mandl, in New York)
 ((carolina.mandl@thomsonreuters.com; +1 (917) 891-4931;))