From shifting policy signals to growing interest in commodities, the investing playbook is evolving. In this episode, ETF and Alternatives Strategist Bipan Rai and host Michelle Allen discuss what these developments could mean for portfolio strategies and fixed income positioning in the year ahead. 

Michelle Allen is Senior Associate, Online Distribution at BMO Exchange Traded Funds and Bipan Rai is Head of ETF Strategy, Exchange Traded Funds at BMO Global Asset Management. Recorded live on January 14, 2026.

 ETFs:

·   BMO MSCI USA High Quality Index ETF (ZUQ)

·   BMO S&P/TSX Capped Composite Index ETF (ZCN)

·   BMO MSCI EAFE Index ETF (ZEA)

·   BMO MSCI Emerging Markets Index ETF (ZEM)

·   BMO Canadian Bank Income Index ETF ( ZBI)

·   ⁠Fixed Income ETFs

·   BMO Covered Call Spread Gold Bullion ETF (ZWGD) 

Sources:

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

Commentary: How to keep dancing when the party is slowing down

Notice of Proposed Rulemaking on Prohibition on Use of Reputation Risk by Regulators (October 2025)

LRCN: Limited Recourse Capital Notes

NPR: Notice of Proposed Rulemaking from the U.S. Government Printing Office (GPO)

Term premium: The extra return (a risk premium) investors demand for holding a longer-term bond instead of repeatedly reinvesting in shorter-term bonds over the same period, compensating for risks like uncertain inflation and interest rate changes.

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