E198 – Places to Park Cash

BMO ETFs: Views from the Desk

Canada’s banking regulator cracked down on HISA ETFs in a long-awaited ruling. In today’s episode, our portfolio managers, and your host, Andrew Vachon, digest OSFI’s decision and provide places to park cash. They also discuss the latest Fed and Treasury announcements, the likelihood of a technical recession, and developments from the Bank of Japan. Read the episode summary.

Andrew Vachon is a Senior Product Manager at BMO Global Asset Management. He is joined on the podcast by Chris McHaney, Portfolio Manager and ETF Specialist at BMO Global Asset Management. The episode was recorded live on Thursday, November 2, 2023.

ETFs mentioned in the podcast:

• BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF (Ticker: ZSU)
• BMO Long-Term US Treasury Bond Index ETF (Ticker: ZTL)
• BMO Equal Weight Utilities Index ETF (Ticker: ZUT)
• BMO Low Volatility Canadian Equity ETF (Ticker: ZLB)
• BMO Money Market Fund ETF Series (Ticker: ZMMK)
• BMO USD Cash Management ETF (USD Units) (Ticker: ZUCM.U)
• BMO Ultra Short-Term Bond ETF (Ticker: ZST)
• BMO Ultra Short-Term US Bond ETF (USD Units) (Ticker: ZUS.U)
• BMO Japan Index ETF (Ticker: ZJPN)
• BMO Japan Index ETF (Hedged Units) (Ticker: ZJPN.F)

Disclosure:

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. 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.

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.

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the ETF Facts or prospectus of the BMO ETFs 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 BMO ETF’s 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.

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