What do stretched valuations, resilient commodities, and shifting monetary policies mean for your portfolio in 2026? Join Bipan Rai and host Erika Toth as they unpack these trends and share top ETF strategies for navigating today’s unpredictable geopolitical landscape.

Erika Toth is Director and Head of ETF and Portfolio Consulting at BMO Global Asset Management (BMO GAM). Bipan Rai is Head of ETF Strategy, Exchange Traded Funds at BMO GAM. This episode was recorded live on Wednesday, January 7, 2026.

ETFs mentioned:

· BMO SPDR Select Sector Index ETFs

· BMO MSCI USA High Quality Index ETF (ZUQ)

· BMO Covered Call Technology ETF (ZWT)

· BMO SPDR Health Care Select Sector Index ETF (ZXLV)

· BMO SPDR Financials Select Sector Index ETF (ZXLF)

· BMO MSCI EAFE Index ETF (ZEA)

· BMO MSCI Emerging Markets Index ETF (ZEM)

· BMO Equal Weight Global Base Metals Hedged to CAD Index ETF (ZMT)

· BMO Covered Call Canadian Banks ETF (ZWB)

· BMO Long Short Canadian Equity ETF (ZLSC) 

· BMO Floating Rate High Yield ETF (ZFH)

· BMO AAA CLO ETF (ZAAA)⁠

·  BMO Covered Call Spread Gold Bullion ETF (ZWGD) 

·  BMO Global Infrastructure Fund (Active ETF Series) (BGIF)

·  BMO SPDR Health Care Select Sector Index ETF (Hedged Units) (ZXLV.F)

· BMO SPDR Financials Select Sector Index ETF (Hedged Units) (ZXLF.F)

· BMO AAA CLO ETF (Hedged Units) (ZAAA.F)

· BMO MSCI USA High Quality Index ETF (Hedged Units) (ZUQ.F)

Source: ETF Flows, according to the National Bank Report, December 2025

Top ETF trades for 2026: Conviction, context and a respect for unpredictability

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