E98 – Diving into US Earnings Results

BMO ETFs: Views from the Desk

As the US earnings season starts to kick-off, markets have begun to show a preference for quality and fundamentals over sentiment and momentum. So, in today’s episode, Mark Raes, Chris Heakes and Alfred Lee dig into the first round of financial statements to see if the results are strong enough to weather macro headwinds out of China, the Federal Reserve and recent inflation data. Our experts also look at currency hedging strategies, the natural gas shortage in Europe, and ways to monetize the current volatility.

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 Alfred Lee, both Portfolio Managers and ETF Specialists at BMO Global Asset Management. The episode was recorded live on October 20, 2021.

ETFs mentioned in the podcast:

• BMO MSCI USA High Quality Index ETF (Ticker: ZUQ)
• BMO Equal Weight US Banks Index ETF (Ticker: ZBK)
• BMO Equal Weight Oil & Gas Index ETF (Ticker: ZEO)

Resources mentioned in the podcast:

• Getting a Handle on the Impact of Currency
• The Oil Trade Revisited
• BMO Covered Call ETF Methodology
• Monthly Derivatives Report

Disclosures:

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 all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus 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 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.

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