BMO India Equity Hedged to CAD ETFZID.TOCOMMENTSep 17, 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.
Right now emerging markets are probably not on the favourite list of many strategists and portfolio managers. However, he would put India at the top of that list comparing it against China, Brazil, Russia, etc. Keep in mind that this is a net importer of commodities. Lower commodity prices are beneficial to them. He likes that they have very positive political leadership on how it is helping the financial side of things. Demographics look good. If you do want exposure to emerging markets, India is a pretty strong name to hold.