Will it be another record-breaking year for Canadian ETF inflows? In this episode, Bipan Rai, Matt Montemurro, and your host, Erika Toth, delve into the latest industry data, exploring the seasonality of flows, currency hedging, fixed income positioning, a slight sector rotation, and a whole lot more.  

Erika Toth is a Director of Institutional and Advisory for Eastern Canada at BMO Global Asset Management(BMO GAM). She is joined on the podcast by Bipan Rai, Head of ETF Strategy, ETFs, BMO GAM and Matt Montemurro, Managing Director and Head of Fixed Income and Equity Index ETFs, ETFs, BMO GAM. Recorded live on Sept 10, 2025.

ETFs:

• BMO MSCI EAFE Index ETF (ZEA)
• BMO S&P 500 Index ETF (ZSP)
• BMO Aggregate Bond Index ETF (ZAG)
• BMO US Aggregate Bond Index ETF (ZUAG)
• BMO High Quality Corporate Bond Index ETF (ZQB)
• BMO Short Corporate Bond Index ETF (ZCS)
• BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF (ZSU)
• BMO SPDR Communication Services Select Sector Index ETF (Hedged Units) (ZXLC.F)

• BMO SPDR Technology Select Sector Index ETF (ZXLK)
• BMO Equal Weight Industrials Index ETF (ZIN)
• BMO Junior Gold Index ETF (ZJG)
• BMO Conservative ETF (ZCON)
• BMO Balanced ETF (ZBAL)
• BMO Growth ETF (ZGRO)
• BMO All-Equity ETF (ZEQT)
• BMO Monthly Income ETF (ZMI)
• BMO Gold Bullion ETF (ZGLD)
• BMO Covered Call Spread Gold Bullion ETF (ZWDG)
• BMO Equal Weight Global Gold Index ETF (ZGD)

Source for ETF Flows: National Bank Report, August 2025.

IEEPA: International Emergency Economic Powers Act

FOMC: Federal Open Market Committee

Tactical vs Strategic asset allocations: tactical calls seek to exploit short-term opportunities while strategic ones focus on one's long-term investment goals and risk profile.

SPIVA data

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