Modi is now allowing Apple to do business there. India's had problems with bureaucracy, and if he makes it easier for foreign companies to come in and raise capital, it could be great. It depends on how the trade talks will go in terms of China. China has many geopolitical issues.
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.
(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.
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.
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.
BMO India Equity Hedged to CAD ETF is a Canadian stock, trading under the symbol ZID-T on the Toronto Stock Exchange (ZID-CT). It is usually referred to as TSX:ZID or ZID-T
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0 stock analysts on Stockchase covered BMO India Equity Hedged to CAD ETF In the last year. It is a trending stock that is worth watching.
On 2023-09-29, BMO India Equity Hedged to CAD ETF (ZID-T) stock closed at a price of $39.72.
India is one of those areas of the world where people talk of the long term story. They are relatively insulated from trade wars. He is caught on the long term India market. It is expensive. He owns SCIF-N.