Opinions John Hood
BMO India Equity Hedged to CAD ETFZID.TOCOMMENTSep 13, 2019
$26.08
Stock price when the opinion was issued
$42.38
As of Jul 22, 2026. Market Open.
E.T.F.'s
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DON'T BUY
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.
E.T.F.'s
BUY
A long-term ETF? Yes. It's a great long-term growth story for EM, especially India. VE also covers EM, but not just India, but Hungary, Mexico and several others. India is the only EM market he likes now, because of its growing middle class and PM Modi getting re-elected. "Long term" means at least 7 years.
E.T.F.'s
BUY
Long term? India should be in a portfolio, because it is a growing economy with a middle class larger than the US population. Don't invest a lot here, but some, say 5%, the same weighting as China's. But India needs to further build its infrastructure, nowhere near China's. The president is pro-business.
E.T.F.'s
BUY
He's a big fan of EM. India is a good, long-term play: a good banking system and fine demographics. But India is very expensive vs. other EM countries according to earnings. India's growth will continue. India's growth contribution to the world will rise from 9% to 12% in five years. In contrast, America's contribution will decline.
E.T.F.'s
PAST TOP PICK
(A Top Pick Dec 15/17, Up 2%) Emerging markets now are woefully cheap. A catalyst would be a deal with Trump and China or ZID hits a low-enough level which we're close to. ZID is still cheap to its growth rate at 16x earnings. 15.5% growth forecast. A good place to park money and you will win long-term.
E.T.F.'s
DON'T BUY
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.
E.T.F.'s
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.