
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 experts, with a general sense of caution surrounding its current performance. Several analysts suggest waiting for clearer signs of upward momentum before investing, as the ETF has experienced a significant pullback and is deemed vulnerable to external factors such as oil prices. Comparisons with other India-focused ETFs, particularly around fees and performance, show that while ZID has some advantages, experts remain skeptical about its short-term outlook. Some experts highlight the potential growth opportunities in India given its young population and the need for infrastructure development, indicating that the long-term fundamentals may be strong despite the current technical challenges. Investors are advised to manage risk carefully and consider alternative options or timing their entry into the market.
There has been a lot of enthusiasm about India’s new prime minister, and that he will be freeing up a lot of the capital restriction rules with much more open markets. The prices of these things have really gone through the roof in anticipation, but he doesn’t think it is being done yet. This is not something he would want to go into right now.
Hit a peak of around $21 and had expected it to come off a little, which it has. He has his 1st tranche in there for one client class, and is waiting to buy it for the 2nd client class. Chart shows a long downward and upward curve from 2011, which could become a cup and handle. He would like it to stay above the $17 level.
Chart shows a strong upward trend from late 2013. Recently pulled back a little and is an opportunity within the trend that people ought to look at. India has been very accommodative of business.