Opinions
Michael Underhill
EGSHARES INDIA INFRASTRUCTURE
INXX-N
DON'T BUY
Sep 17, 2013
$10.210
Stock price when the opinion was issued
0
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Wishes he had got this a couple of weeks ago, but still feels it has room to go. India has a new president and an aggressive mandate and does not have much in the way of infrastructure and that is what this ETF is playing to. He thinks the new president is going to build out that new infrastructure which they desperately need. This is a longer-term hold.
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India has structural issues. They are struggling with how to control monetary policy. There are overnight inflation rates. Have food inflation. Have multiple challenges from a regulatory and policy standpoint. Not bullish on this in the next 2-3 years.