E30 - Riding the Highs with Banks, Gold & Quality

With generally positive third-quarter earnings for Canadian banks, the sector received a welcome lift in both market sentiment and outlook. Will U.S. financials similarly surprise to the upside? To answer this question, Mark Raes, Chris Heakes and Chris McHaney offer their insights on how to choose strong satellite positions that complement a core holding of Quality in the portfolio. Our experts also break down the benefits of BMO’s suite of USD ETF Portfolios, which take away the burden of tax-reporting complexities and currency-conversion costs for Canadian investors, and provide a useful solution for stray U.S. holdings. Read the episode summary. Mark Raes is the Head of Product at BMO Global Asset Management. He is joined on the podcast by Chris Heakes and Chris McHaney, two Portfolio Managers and ETF Specialists at BMO Global Asset Management. The episode was recorded live on August 26, 2020.  ETFs mentioned in the podcast: BMO Equal Weight Banks Index ETF (Ticker: ZEB) BMO Covered Call Canadian Banks ETF (Ticker: ZWB) BMO Equal Weight US Banks Index ETF (Ticker: ZBK) BMO Covered Call US Banks ETF (Ticker: ZWK) BMO MSCI USA High Quality Index ETF (Ticker: ZUQ) BMO Equal Weight Global Gold Index ETF (Ticker: ZGD) Disclosures: The viewpoints expressed by the Portfolio Manager represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance. Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated. For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination. BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal. ®/™Registered trade-marks/trade-mark of Bank of Montreal, used under licence.