BMO India Equity Hedged to CAD ETFZID.TOTOP PICKFeb 09, 2015Stock price when the opinion was issued
As of Jul 22, 2026. Market Open.
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.
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.
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.