E151 – From ‘Red Wave’ to Ripple

BMO ETFs: Views from the Desk

As votes are counted in the U.S. midterm elections, Republicans are projected to win the House. In today’s episode, portfolio managers Chris Heakes, Om Karmalkar, and your host, Mark Raes, explore what a divided government could mean for investors. They also discuss opportunities in bond markets, the earnings season, oil, and share buybacks. Read the episode summary.

Mark Raes is the Head of Product at BMO Global Asset Management. He is joined on the podcast by Chris Heakes and Omanand Karmalkar, Portfolio Managers and ETF Specialists at BMO Global Asset Management. The episode was recorded live on November 9, 2022.

ETFs mentioned in the podcast:

• BMO S&P 500 Index ETF (Ticker: ZSP)
• BMO S&P 500 Hedged to CAD Index ETF (Ticker: ZUE)
• BMO Long-Term US Treasury Bond Index ETF (Ticker: ZTL)
• BMO Ultra Short-Term Bond ETF (Ticker: ZST)
• BMO Short Corporate Bond Index ETF (Ticker: ZCS)
• BMO Equal Weight Banks Index ETF (Ticker: ZEB)
• BMO Covered Call Canadian Banks ETF (Ticker: ZWB)
• BMO US Dividend ETF (Ticker: ZDY)
• BMO Canadian Dividend ETF (Ticker: ZDV)
• BMO Equal Weight Oil & Gas Index ETF (Ticker: ZEO)
• BMO Government Bond Index ETF (Ticker: ZGB)

Disclosure:

The viewpoints expressed by the Portfolio Manager represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance.

S&P®, S&P/TSX Capped Composite®, S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and “TSX” is a trademark of TSX Inc. These trademarks have been licensed for use by S&P Dow Jones Indices LLC and sublicensed to BMO Asset Management Inc. in connection with the above mentioned BMO ETFs. These BMO ETFs are not sponsored, endorsed, sold or promoted by S&P Dow Jones LLC, S&P, TSX, or their respective affiliates and

S&P Dow Jones Indices LLC, S&P, TSX and their affiliates make no representation regarding the advisability of trading or investing in such BMO ETF(s).

“TSX” is a trademark of TSX Inc. These trademarks have been licensed for use by S&P Dow Jones Indices LLC and sublicensed to BMO Asset Management Inc. in connection with the above mentioned BMO ETFs. These BMO ETFs are not sponsored, endorsed, sold or promoted by S&P Dow Jones LLC, S&P, TSX, or their respective affiliates and S&P Dow Jones Indices LLC, S&P, TSX and their affiliates make no representation regarding the advisability of trading or investing in such BMO ETF(s).

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus of the BMO ETFs before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the BMO ETF’s prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.

BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.

BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate.

®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence.