BMO India Equity Hedged to CAD ETF (ZID-T)

The question was on buying an ETF for India. He likes the idea of investing in India. He thinks China will continue to struggle and this benefits India which has good potential at 8% GDP growth forecast. For U.S. dollars he recommends INDA and for Canadian dollars he suggests ZID. He reminds investors that there is a lot of volatility in foreign markets.

India has been an amazing growth story, attracting enormous interest. India ETFs in Canada and US tend to be more expensive. Uses MSCI for screens on ESG, which would screen out tobacco and firearms among others. Tries to achieve a balanced sector exposure. One of the better ways to get India from Canada. MER is only 67 bps, significantly cheaper than XID and others.

Would not worry about currency hedge - complex trade with costs. Overall a good product if looking to get exposure to India. 

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.

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.