TSE:ZID

BMO India Equity Hedged to CAD ETF (ZID.TO)

42.50
-0.42 (0.98%)
as of Jul 14, 2026, 7:25:23 pm Market Open.
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Investor Insights
star iconJul 14, 2026, 12:00 am

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.

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Consensus
Cautious
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Valuation
Fair Value
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FLIN
PARTIAL BUY
ZID is as good as any. India is a large, diverse economy with 300 million in its middle class. But don't put a lot of money in here; India doesn't invest in economy like China.
WEAK BUY
India is interesting, because 300 million people there are now middle class. India has a lot of potential, and he would hold a small position.
BUY
He's a big fan of EM. India is a good, long-term play: a good banking system and fine demographics. But India is very expensive vs. other EM countries according to earnings. India's growth will continue. India's growth contribution to the world will rise from 9% to 12% in five years. In contrast, America's contribution will decline.
PAST TOP PICK
(A Top Pick Dec 03/18, Down 1%) He's held it for a year and done very well. It's been on an uptrend since 2017. He's moving aggressively into emerging markets, especially India.
TOP PICK
Likes that it's not going down. EMs are starting to move, and seem to be the only things beyond utility stocks that are doing anything good. EM is one of the few areas where people can look now.
WATCH
India fund. India has a way better potential than China in terms of growth over the next decade or two. The currency is a big risk. You will lose about 5% a year. Look at what India did during the last downturn to get a sense of what it could do in the future. But don’t add here.
PAST TOP PICK
(A Top Pick Dec 15/17, Up 2%) Emerging markets now are woefully cheap. A catalyst would be a deal with Trump and China or ZID hits a low-enough level which we're close to. ZID is still cheap to its growth rate at 16x earnings. 15.5% growth forecast. A good place to park money and you will win long-term.
COMMENT

He doesn't know this well, but India itself has a massive middle class, but doesn't know their wealth effect on the Indian ecoonmy yet. This ETF is not a bad vehicle, nor is FIH.U-T.

PAST TOP PICK

(A Top Pick May 1/18, Up 2%) It is a bit of a longer play. This is an index but is doing what he likes. It is a slow grower. He may hold this for a while but when the trend breaks he will get out.

DON'T BUY

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.

TOP PICK

It's on-trend. India is not that correlated to North American markets (and he expects a difficult summer here). It's bouncing off its trendline, and India has a healthy long-term trendline.

TOP PICK

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%.

COMMENT

XID-T vs. ZID-T. A Difference in Tax Treatment? With a Canadian based ETF holding US ETFs subject to US withholding tax you can get double withholdings. He suggests asking the ETF provider what the tax consequences are for holding their funds in your Canadian account.

BUY

He likes this and does use it a bit, but uses XID more. Both are quite similar. It’s a good, diversified low cost way of getting access to India. A good product and is one that he would absolutely hold for the long-term.

COMMENT

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.

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