Investors Flee Brazil After Lula's Re-election as Rout Deepens

Summary

Investors were blindsided by Luiz Inácio Lula da Silva's surprise re-election as president, and bullish bets on Brazil's assets have unraveled sharply, leaving many reluctant to buy into the country's markets. Rajiv Jain of GQG Partners is preparing to do what he has done before and buy into the panic, arguing that selling Brazil would be a mistake.

Timeline

1. Bloomberg

   27 Oct 2026, 14:45 UTCSource ↗

   As investors flee Brazil following Lula's surprise re-election, GQG's Rajiv Jain is preparing to buy into the panic and says selling Brazil is a mistake.

2. Bloomberg

   28 Oct 2026, 14:00 UTCSource ↗

   Investors blindsided by Lula's re-election are balking at buying into Brazil's markets after bullish bets on the nation's assets unraveled spectacularly.