E259 – Trends in ETF Flows

BMO ETFs: Views from the Desk

What are ETF flows telling us? In this episode, ETF Strategist Bipan Rai, and host, Erika Toth, pour over the latest industry data and provide insights on how to navigate choppy markets.

Recorded live on March 6, 2025.

ETFs:

• BMO Money Market Fund ETF Series (ZMMK)
• BMO Ultra Short-Term Bond ETF (ZST)
• BMO Aggregate Bond Index ETF (ZAG)
• BMO Core Plus Bond Fund (ZCPB)
• BMO Gold Bullion ETF (ZGLD)
• BMO All-Equity ETF (ZEQT)
• BMO MSCI EAFE High Quality Index ETF (ZIQ)
• BMO Mid-Term US Treasury Bond Index ETF (ZTM)
• BMO SPDR Health Care Select Sector Index ETF (ZXLV)
• BMO SPDR Utilities Select Sector Index ETF (ZXLU)

ZGLD, total returns as of 2025/02/28: YTD: 9.31%, SI: 43.49%

National Bank Financial Report, February 2025

Disclaimers:

A reminder that we are not providing investment advice or recommendations, this podcast is for informational purposes only.

The viewpoints expressed by the speakers represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time. The information provided herein does not constitute a solicitation of an offer to buy, or an offer to sell securities nor should the information be relied upon as investment advice. Past performance is no guarantee of future results.

Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Although such statements are based on assumptions that are believed to be reasonable, there can be no assurance that actual results will not differ materially from expectations. Investors are cautioned not to rely unduly on any forward-looking statements. In connection with any forward-looking statements, investors should carefully consider the areas of risk described in the most recent simplified prospectus.

You cannot invest directly in an index.

Sector ETF products are also subject to sector risk and non-diversification risk, which generally will result in greater price fluctuations than the overall market.

The Select Sector SPDR Trust consists of eleven separate investment portfolios (each a “Select Sector SPDR ETF” or an “ETF” and collectively the “Select Sector SPDR ETFs” or the “ETFs”). Each Select Sector SPDR ETF is an “index fund” that invests in a particular sector or group of industries represented by a specified Select Sector Index. The companies included in each Select Sector Index are selected on the basis of general industry classification from a universe of companies defined by the S&P 500®. The investment objective of each ETF is to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in a particular sector or group of industries, as represented by a specified market sector index.

The S&P 500, SPDRs, and Select Sector SPDRs are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use. The stocks included in each Select Sector Index were selected by the compilation agent. Their composition and weighting can be expected to differ to that in any similar indexes that are published by S&P.

The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing.

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