
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 garnered mixed reviews from various experts. A consensus seems to lean towards caution, with some advising to wait for clearer signs of bottoming out and a return of momentum, stressing the risks associated with 'catching falling knives.' Another expert noted a broken support level at $47 and is monitoring the situation before considering a re-entry. However, others see potential in India's young demographic and economic growth, recommending this ETF for long-term, buy-and-hold investors due to its lower fees and direct exposure to Indian companies compared to alternatives. Lastly, there's an acknowledgment of technical strengths indicating a potential breakout, but the necessity for careful risk management is emphasized due to external factors like government corruption affecting investments.
Likes emerging markets and this one covers India. Problem is there's social/political/economic upeaval in India as the country aspires to China's level. India is dominated by a few conglomerates, which also worries him. He'd rather buy an emerging markets ETF that will include India anyway, but without the risk.
Thematically, India has 1.3 billion people, world's largest democracy. 65% of those people are under 35, so they have 800 million of people of consumption driven growth. 7.5% GDP. Business friendly reforms. Infrastructure projects in an under penetrated market. Analysts assume the Indian stock market can grow earnings at 22%.
An ETF on Indian equities, hopefully with a better yield? There is the ZID. There are versions in the US you can buy, but this one is in Cdn$. 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.