E119 – The Liberal-NDP Deal and Implications for Canadian Banks

BMO ETFs: Views from the Desk

This week, the federal Liberals and NDP announced a confidence-and-supply agreement that will likely keep Justin Trudeau in the Prime Minister’s Office until 2025. In today’s episode, Mark Raes, Chris McHaney, and Chris Heakes discuss implications for Canadian banks, as well as fixed income yields, inflation expectations, emerging markets, and the U.S. healthcare sector.

Read the episode summary.

Mark Raes is the Head of Product at BMO Global Asset Management. He is joined on the podcast by Chris McHaney and Chris Heakes, Portfolio Managers and ETF Specialists at BMO Global Asset Management. The episode was recorded live on March 23, 2022.

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ETFs mentioned in the podcast:

• BMO Equal Weight Banks Index ETF (Ticker: ZEB)
• BMO Equal Weight Banks Index ETF (Ticker: ZEB)
• BMO Canadian Bank Income Index ETF (Ticker: ZBI)
• BMO Short-Term US TIPS Index ETF (Ticker: ZTIP)
• BMO MSCI Emerging Markets Index ETF (Ticker: ZEM)
• BMO All-Equity ETF (Ticker: ZEQT)
• BMO Balanced ETF (Ticker: ZBAL)
• BMO Growth ETF (Ticker: ZGRO)
• BMO MSCI India ESG Leaders Index ETF (Ticker: ZID)
• BMO MSCI China ESG Leaders Index ETF (Ticker: ZCH)
• BMO Equal Weight US Health Care Index ETF (Ticker: ZHU)
• BMO Equal Weight US Health Care Hedged to CAD Index ETF (Ticker: ZUH)

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.

The BMO ETFs or securities referred to herein are not sponsored, endorsed or promoted by MSCI Inc. (“MSCI”), and MSCI bears no liability with respect to any such BMO ETFs or securities or any index on which such BMO ETFs or securities are based. The prospectus of the BMO ETFs contains a more detailed description of the limited relationship MSCI has with BMO Asset Management Inc. and any related BMO ETFs.

Commissions, management fees and expenses (if applicable) all may be associated with investments in BMO ETFs and ETF Series of the BMO Mutual Funds. Please read the ETF facts or prospectus of the relevant BMO ETF or ETF Series before investing. BMO ETFs and ETF Series 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 or ETF Series of the BMO Mutual Funds, please see the specific risks set out in the prospectus. BMO ETFs and ETF Series 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. ETF Series of the BMO Mutual Funds are managed by BMO Investments Inc., which is an investment fund manager and a separate legal entity from Bank of Montreal.

BMO Global Asset Management is a brand name that comprises BMO Asset Management Inc. and BMO Investments Inc.

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