
TSE:ZID
This summary was created by AI, based on 6 opinions in the last 12 months.
The BMO India Equity Hedged to CAD ETF (ZID-T) has received mixed reviews from various experts. Some analysts advise avoiding the ETF due to its current downward trend, suggesting that it may be better to wait for signs of recovery and momentum before investing. There are insights that the ETF broke below a significant price point, leading to a cautious outlook. However, some see potential, highlighting the long-term growth opportunities in India due to demographic advantages and improving infrastructure. Comparisons with other ETFs such as XID suggest that ZID may offer better diversification and lower fees, making it appealing for long-term investors despite current volatility. Technical analysis indicates a possible breakout pattern, which adds a degree of optimism, but concerns about government corruption and macroeconomic factors remain.
Likes emerging markets and this one covers India. Problem is there's social/political/economic upeaval in India as the country aspires to China's level. India is dominated by a few conglomerates, which also worries him. He'd rather buy an emerging markets ETF that will include India anyway, but without the risk.
Thematically, India has 1.3 billion people, world's largest democracy. 65% of those people are under 35, so they have 800 million of people of consumption driven growth. 7.5% GDP. Business friendly reforms. Infrastructure projects in an under penetrated market. Analysts assume the Indian stock market can grow earnings at 22%.
An ETF on Indian equities, hopefully with a better yield? There is the ZID. There are versions in the US you can buy, but this one is in Cdn$. He loves India long-term. You are not hedged to the currency on this. You are exposed to the fluctuations of the Indian rupee and US$, because there is some US$ imbedded exposure in that.