In this episode, Erika Toth and Hilly Cutler sit down with host Zayla Saunders to break down the rise of asset allocation ETFs in Canada: from their origins and evolution over the past decade to the fee innovations, flow trends, and real-world portfolio use cases shaping the space today.

Zayla Saunders is Vice President of ETF Online Distribution at BMO Global Asset Management (BMO GAM). She is joined by Erika Toth, Director and Head of ETF and Portfolio Consulting at BMO GAM, and Hilly Cutler, Director of Portfolio Consulting and Senior Portfolio Consultant at BMO GAM. This episode was recorded live on Friday, May 15, 2026.

ETFs mentioned:

• BMO Asset Allocation ETFs

• BMO Monthly Income ETF (Ticker: ZMI)

• BMO Balanced ETF (Ticker: ZBAL)

• BMO Growth ETF (Ticker: ZGRO)

• BMO Conservative ETF (Ticker: ZCON)

• BMO Balanced ESG ETF (Ticker: ZESG)

• BMO All-Equity ETF (Ticker: ZEQT)

• BMO Balanced ETF (Target Cash Flow Units) (Ticker: ZBAL.T)

• BMO Growth ETF (Target Cash Flow Units) (Ticker: ZGRO.T)

• BMO All-Equity ETF (Target Cash Flow Units) (Ticker: ZEQT.T)

Sources:

ETF Flows, according to the National Bank Report, February 2026

SPIVA Canada Year-End 2025 Scorecard

Press Release - June 2, 2025 - BMO Lowers Fees on Asset Allocation ETFs to Deliver Greater Value to Investors

Un FNB qui fait mieux que la Caisse à un tiers du coût, La Presse, 2 mars 2025.

T Series - Target Cash Flow Units of BMO ETFs: The Target Cash Flow Units of certain BMO ETFs are designed to provide investors with a monthly distribution based on a target annual distribution rate (not to be confused with “yield”) which is based on the NAVPS at the end of the prior year, or in the case of a newly created series, based on a target annualized distribution rate which is based on the initial starting NAVPS.

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