E207 – 2024 BMO ETF Desk Update on Positioning

BMO ETFs: Views from the Desk

In this episode, the team discusses the latest quarterly Portfolio Strategy Report (QSR) and Fixed Income Strategy Report (FISR), which examine interest rate expectations, the Technology sector, U.S. and Canadian banks, a barbell strategy to add duration, and portfolio positioning for 2024. The episode was recorded live on Thursday, December 21, 2023.

• BMO ETF Portfolio Strategy Report – Q1 2024
• BMO ETF Fixed Income Strategy Report – Q1 2024

Disclosure:

*Mega cap technology names are less exposed to interest rates and have the potential to perform well despite rate cuts. Large cap tech names, such as the ones in ZWT, outperformed the market S&P 500 as interest rate expectations went down in 2023, BMO Global Asset Management and Bloomberg.

**Comparing ZLU to ZSP in 2022 via Bloomberg, low volatility performed well.

Forward P/E ratio = The forward price to earnings ratio is the ratio for valuing a company that measures its current share price relative to its forecasted per-share earnings (EPS).

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