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Compiling comments that experts make about stocks while on public TV.

2017-08-09

Opinion for iShares MSCI India ETF (INDA-US)

Signal Price Bias Subject Owned
TOP PICK $0.000 BEARISH on CANADIAN MARKET US EQUITIES Yes

India is a 6%-7% GDP grower with a long runway. On infrastructure, they have major plans in place. It recently had a hiccup when they brought in the demonetization in 2016. Basically, everybody now has to have a metric identification card. It pulled all the money out of the banking and cash market, and into the banking system. Since 2014, they’ve had $10 billion in bank deposits, which has legitimized a significant portion of the economy, and kind of got it on track. Now they are putting GST in place. Everything is chugging along to upscale this economy.

Cameron Hurst
Chief Investment Officer, Equium Capital Management

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