BMO India Equity Hedged to CAD ETFZID.TOBUYSep 26, 2016Stock 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.
Very similar to iShares CNX Nifty India (XID-T) and they are interchangeable. He likes them both. India is a very good way to get the growth you need. (See Top Picks.)