BMO India Equity Hedged to CAD ETFZID.TOCOMMENTMay 15, 2017Stock 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.
An ETF on Indian equities, hopefully with a better yield? There is the ZID. There are versions in the US you can buy, but this one is in Cdn$. He loves India long-term. You are not hedged to the currency on this. You are exposed to the fluctuations of the Indian rupee and US$, because there is some US$ imbedded exposure in that.