E155 – Investors Rotating to Stocks with Rate Cycle Nearing Peak

BMO ETFs: Views from the Desk

The Bank of Canada’s latest trend-setting interest rate hike of half a percentage point marks perhaps its last in the current cycle. In today’s episode, portfolio managers Alfred Lee, Chris Heakes, and your host, McKenzie Box, discuss why the central bank may have hit at least a “pause” on tightening rates further. They also go into the upside for value and dividend stocks as well as near-term institutional bullishness for equities overall. Finally, paths for effective tax-loss selling before the end of the year. Read the episode summary.

McKenzie Box is the Vice President of Product and Strategy at BMO Global Asset Management. She is joined on the podcast by Alfred Lee and Chris Heakes, Portfolio Managers and ETF Specialists at BMO Global Asset Management. The episode was recorded live on December 7, 2022.

ETFs mentioned in the podcast:

• BMO Short Corporate Bond Index ETF (Ticker: ZCS)
• BMO Long Federal Bond Index ETF (Ticker: ZFL)
• BMO Long-Term US Treasury Bond Index ETF (Ticker: ZTL)
• BMO Canadian Dividend ETF (Ticker: ZDV)
• BMO US Dividend ETF (Ticker: ZDY)
• BMO International Dividend Hedged to CAD ETF (Ticker: ZDH)
• BMO Discount Bond Index ETF (Ticker: ZDB)
• BMO Corporate Discount Bond ETF (Ticker: ZCDB)
• BMO Money Market Fund ETF Series (Ticker: ZMMK)
• BMO S&P 500 Index ETF (Ticker: ZSP)
• BMO Low Volatility Canadian Equity ETF (Ticker: ZLB)
• BMO Equal Weight Oil & Gas Index ETF (Ticker: ZEO)

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 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.

S&P®, S&P/TSX Capped Composite®, S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and “TSX” is a trademark of TSX Inc. These trademarks have been licensed for use by S&P Dow Jones Indices LLC and sublicensed to BMO Asset Management Inc. in connection with the above mentioned BMO ETFs. These BMO ETFs are not sponsored, endorsed, sold or promoted by S&P Dow Jones LLC, S&P, TSX, or their respective affiliates and

S&P Dow Jones Indices LLC, S&P, TSX and their affiliates make no representation regarding the advisability of trading or investing in such BMO ETF(s).

Commissions, management fees and expenses (if applicable) all may be associated with investments in BMO ETFs and ETF Series of the BMO Mutual Funds. Please read the ETF facts or prospectus of the relevant BMO ETF or ETF Series before investing. BMO ETFs and ETF Series 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 or ETF Series of the BMO Mutual Funds, please see the specific risks set out in the prospectus. BMO ETFs and ETF Series 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. ETF Series of the BMO Mutual Funds are managed by BMO Investments Inc., which is an investment fund manager and a separate legal entity from Bank of Montreal.

BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate.

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