Richard Croft EGSHARES INDIA INFRASTRUCTURE INXX-N COMMENT May 10, 2016

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.

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.

(Top Pick May 26/14, Down 15.20%) India is a country that needs a lot of infrastructure re-build. If the new government continues to encourage capitalism then this one should do well. He may have been early to this trade.