BMO Global Asset Management offers a comprehensive suite of Exchange-Traded Funds (ETFs) trading on the Toronto Stock Exchange, designed to meet diverse investment needs. The complete list includes over 90 distinct funds covering asset classes like Canadian and global equities, fixed income, and specialized strategies such as covered call and low volatility. These ETFs provide Canadian investors with tools for portfolio construction, risk management, and accessing specific markets or sectors. Understanding the range and structure of BMO ETFs is a practical step for investors looking to implement indexed or thematic strategies within their portfolios.
The Complete BMO ETF List
The complete list of BMO ETFs trading on the Toronto Stock Exchange as of April 7, 2026, contains over 90 funds. This list is maintained by BMO Global Asset Management and is publicly available for investor review. The funds are categorized primarily by the underlying asset class, with the vast majority being equity ETFs. Each fund has a unique ticker symbol for trading, such as ZCN for the BMO S&P/TSX Capped Composite Index ETF or ZSP for the BMO S&P 500 Index ETF. The list serves as the foundational reference for any investor or advisor considering BMO's ETF offerings for a Canadian portfolio.
Fund names typically indicate the investment objective, benchmark index, and any specific strategy employed. For example, funds with 'Covered Call' in the name, like the BMO Covered Call Canadian Banks ETF (ZWB), utilize an options strategy to generate income. Funds with 'Equal Weight' in the name, such as the BMO Equal Weight Banks Index ETF (ZEB), aim to provide balanced exposure to each constituent of an index rather than weighting by market capitalization. The list also includes currency-hedged versions for U.S. and international exposure, denoted by suffixes or specific fund names, to mitigate foreign exchange risk for Canadian investors.
Core Building Block ETFs
BMO offers a range of core ETFs that serve as foundational portfolio holdings for broad market exposure. These are often based on major market indices and are designed for long-term, cost-effective investing. The BMO S&P/TSX Capped Composite Index ETF (ZCN) tracks the benchmark Canadian equity index. For U.S. exposure, investors can choose the BMO S&P 500 Index ETF (ZSP) or its currency-hedged counterpart, the BMO S&P 500 Hedged to CAD Index ETF (ZUE). International developed market exposure is available through the BMO MSCI EAFE Index ETF (ZEA). For fixed income, the BMO Aggregate Bond Index ETF (ZAG) provides exposure to the Canadian investment-grade bond universe. These core funds are frequently highlighted in model portfolios and educational materials as starting points for asset allocation.
The BMO ETF Roadmap specifically mentions funds like ZCN, ZSP, ZAG, and ZEA as key components. Their objective is to replicate the performance of their respective indices, providing a transparent and straightforward way to gain market returns. This approach allows investors to build a diversified portfolio across geographies and asset classes using a handful of funds. The availability of both hedged and unhedged versions for international funds gives investors control over their currency risk exposure based on their outlook and portfolio goals.
Specialized and Thematic ETF Strategies
Beyond core index funds, BMO provides numerous ETFs targeting specific strategies, sectors, or investment themes. Covered call ETFs are a prominent category, designed to provide enhanced income through selling call options on the underlying holdings. Examples include the BMO Covered Call Canadian Banks ETF (ZWB) and the BMO Covered Call Technology ETF (ZWT). Low volatility ETFs, such as the BMO Low Volatility Canadian Equity ETF (ZLB) and the BMO Low Volatility US Equity ETF (ZLU), aim to provide equity exposure with potentially lower risk by selecting stocks with historically stable prices. Thematic ETFs allow investors to target long-term structural trends, such as the transition to renewable energy.
The BMO Clean Energy Index ETF (ZCLN) invests in companies involved in renewable energy and technology. The BMO Global Agriculture ETF (ZEAT) provides exposure to the agriculture sector. Sector-specific equal weight ETFs, like the BMO Equal Weight Oil & Gas Index ETF (ZEO) and the BMO Equal Weight REITs Index ETF (ZRE), offer concentrated exposure to single industries. BMO also offers ESG-focused ETFs, such as the BMO MSCI ACWI Paris Aligned Climate Equity Index ETF (ZGRN), which selects companies aligned with climate transition goals. These specialized funds enable more precise portfolio tilts beyond broad market exposure.
- Covered Call Income: ZWB (Canadian Banks), ZWT (Technology), ZWK (US Banks).
- Low Volatility: ZLB (Canada), ZLU (US), ZLI (International).
- Sector & Thematic: ZCLN (Clean Energy), ZEAT (Agriculture), ZRE (REITs).
- ESG & Responsible Investing: ZGRN (Climate), ESGA (Canada Selection).
- Global & Regional: ZJPN (Japan), ZEM (Emerging Markets), ZLAT (Latin America, 2026).
- Dividend Focused: ZDV (Canadian Dividend), ZDI (International Dividend).
ETF Structure and Trading Details
All BMO ETFs listed in the official compilation trade on the Toronto Stock Exchange. This provides Canadian investors with easy access during regular market hours using their brokerage accounts. Many funds have multiple share classes or series listed, often differentiated by currency or fee structure. For instance, the BMO S&P 500 Index ETF has tickers ZSP (Canadian dollar) and ZSP-U (U.S. dollar). Similarly, the BMO Low Volatility US Equity ETF lists ZLU (Canadian dollar) and ZLU-U (U.S. dollar). The presence of a U.S.-dollar denominated unit allows investors to hold the asset in that currency without conversion, which can be a consideration for tax or currency management purposes.
Some funds also have series ending in '-F', such as the BMO MSCI USA Selection Equity Index ETF (ESGY-F). These typically represent a different fee or distribution structure, often a corporate class, which can have tax efficiency considerations for non-registered accounts. It is crucial for investors to understand the specific ticker they are purchasing, as the different series of the same fund strategy may have distinct characteristics. The fund's objective, as stated in its prospectus, is to provide a return similar to its referenced index or strategy, not to outperform it. Investors should review the fund facts and prospectus documents for complete details on fees, risks, and distribution policies.
Related BMO Investment Products
In addition to direct ETF holdings, BMO offers ETF-based mutual funds. As of 2026, there are 12 new ETF-based mutual funds available, including asset allocation, equity, commodity, and fixed income strategies. These funds are designed to help build portfolios using ETFs as the underlying assets, packaged within a mutual fund structure. For example, the BMO Canadian Equity ETF Fund has an objective to provide a return similar to one or more ETFs that invest primarily in Canadian equities. Similarly, the BMO Canadian Banks ETF Fund aims to mirror the return of an ETF investing in Canadian banks, demonstrating how ETF strategies are repackaged for different investor preferences.
BMO also provides model portfolios for advisors, which are constructed using their ETFs. These include Q4 Model Portfolios for Advisors focusing on themes like Macro Regime, Tax Efficiency, and Fixed Income. The BMO ETF Dashboard and associated research provide actionable data and education on implementing these models. These related products demonstrate how BMO ETFs are utilized as components within broader investment solutions, catering to investors who may prefer a packaged approach or who work with financial advisors. The availability of these products expands the ways in which investors can access the underlying ETF strategies.
Considerations and Common Investor Questions
When reviewing the BMO ETF list, investors should consider their own investment objectives, risk tolerance, and time horizon. The wide array of funds means careful selection is required to avoid unnecessary overlap or concentration. A common consideration is the choice between hedged and unhedged versions of international ETFs. Hedged funds like ZUE or ZDM aim to neutralize the impact of currency fluctuations on returns, which can be significant. Another key point is understanding the strategy, such as how a covered call ETF generates income by potentially capping upside capital gains, which may not be suitable for all market conditions or growth-oriented investors.
Investors should also be aware that past performance of any ETF or its index is not indicative of future results. The information on the BMO website is for informational purposes and is not intended to provide complete descriptions or constitute investment advice. Products and services are only offered in jurisdictions where they may be lawfully sold. It is important to read a fund's prospectus and other regulatory documents before investing to fully understand the risks, costs, and objectives. BMO resources often state that the website content should not be construed as investment advice or relied upon in making an investment decision.
| ETF Type | Primary Objective | Example Ticker |
|---|---|---|
| Broad Market Index | Track major market indices | ZCN, ZSP, ZAG |
| Currency Hedged | Mitigate foreign exchange risk | ZUE, ZQQ, ZDH |
| Covered Call | Generate enhanced income | ZWB, ZWT, ZWK |
| Low Volatility | Provide equity exposure with lower risk | ZLB, ZLU, ZLI |
| Sector & Thematic | Target specific industries or trends | ZCLN, ZEO, ZRE |
| ESG Focused | Invest based on environmental, social, governance criteria | ZGRN, ESGA, ESGY |
Accessing Research and Educational Resources
BMO Global Asset Management provides extensive resources for investors and advisors to learn about their ETFs. This includes the BMO ETF Dashboard, which offers research, performance data, and ETF education. The firm produces regular commentary, such as discussions on portfolio hedging and diversification strategies, particularly in complex macro environments. For instance, in late 2026, resources highlighted five ETFs to help hedge portfolios and diversify risk amid rising inflation concerns. Podcasts and webinars feature BMO experts discussing market outlooks, sector strategies, and investor behaviour, providing context for how to use ETFs in different market conditions.
These resources often address current market themes, such as the role of sector ETFs in reducing concentration risk when one market sector dominates, or investment opportunities beyond traditional assets like real estate. It is important to note that some content, particularly detailed model portfolios and certain research pieces, is intended for investment advisors and institutional investors only. Individual investors can access a broad range of general educational material, fund facts, and performance information on the public investor website to inform their decisions. The resources aim to provide actionable insights while making clear that they are for informational purposes and do not constitute a solicitation or recommendation.
Frequently asked questions
What is the complete list of BMO ETFs?
The complete list of BMO ETFs trading on the Toronto Stock Exchange is maintained by BMO Global Asset Management and contained over 90 funds as of April 7, 2026. The list includes funds across categories like core index ETFs, covered call strategies, low volatility funds, sector-specific ETFs, and ESG-focused products. Each fund has a unique ticker symbol, such as ZCN for the S&P/TSX Capped Composite Index ETF or ZWB for the Covered Call Canadian Banks ETF. The full list is available on BMO's investment resources for public review and is the definitive source for all available funds.
What are some of BMO's most popular ETFs?
Some of BMO's most referenced core ETFs include the BMO S&P/TSX Capped Composite Index ETF (ZCN) for Canadian stocks and the BMO S&P 500 Index ETF (ZSP) for U.S. exposure. Other popular funds are the BMO Aggregate Bond Index ETF, the BMO MSCI EAFE Index ETF (ZEA) for international markets, and the BMO Covered Call Canadian Banks ETF (ZWB) for income. The BMO Low Volatility Canadian Equity ETF (ZLB) is also a notable strategic offering. These ETFs are frequently part of BMO's model portfolios and educational resources for building diversified investment portfolios.
Does BMO offer covered call ETFs?
Yes, BMO offers a wide range of covered call ETFs designed to generate enhanced income. These include the BMO Covered Call Canadian Banks ETF (ZWB), the BMO Covered Call Technology ETF (ZWT), and the BMO Covered Call Utilities ETF (ZWU). There are also global and regional covered call funds, such as the BMO Global High Dividend Covered Call ETF (ZWG) and the BMO Europe High Dividend Covered Call ETF (ZWP). These funds employ an options strategy by selling call options on their underlying equity holdings to earn premium income, which is distributed to investors, making them suitable for income-focused strategies.
What is the difference between ZSP and ZUE?
Both ZSP and ZUE provide exposure to the U.S. S&P 500 index, but they handle currency risk differently. The BMO S&P 500 Index ETF (ZSP) is unhedged, meaning its returns in Canadian dollars will be affected by changes in the CAD/USD exchange rate. The BMO S&P 500 Hedged to CAD Index ETF (ZUE) uses hedging strategies to mitigate the impact of currency fluctuations, aiming to deliver returns that closely match the S&P 500 index's performance in U.S. dollars, converted to Canadian dollars at a stable rate. The choice depends on an investor's view on currency movements and their desire to isolate pure equity returns.
Are there BMO ETFs for ESG investing?
BMO provides several ETFs with environmental, social, and governance (ESG) criteria. Examples include the BMO MSCI ACWI Paris Aligned Climate Equity Index ETF (ZGRN), which selects global companies aligned with climate transition goals. The BMO MSCI Canada Selection Equity Index ETF (ESGA) and the BMO MSCI USA Selection Equity Index ETF (ESGY) focus on companies with positive ESG characteristics relative to their sector peers. These funds allow investors to incorporate responsible investing principles into their portfolios while seeking market returns, aligning investments with personal values or institutional mandates.
What are BMO ETF-based mutual funds?
BMO offers ETF-based mutual funds, which are mutual funds that use BMO ETFs as their primary underlying investments. As of 2026, there are 12 new such funds available, covering asset allocation, equity, commodity, and fixed income strategies. For instance, the BMO Canadian Equity ETF Fund aims to mirror the return of ETFs investing in Canadian equities. These products package ETFs into a mutual fund structure, which may be familiar to investors who traditionally use mutual funds, providing a way to access ETF strategies through that vehicle, often within defined contribution plans or advisor-managed accounts.
Sources and further reading
- BMO ETF Dashboard | Home bmoetfs.ca
- The Complete List of BMO ETFs Trading on the Toronto ... topforeignstocks.com
This article explains how things work and is not financial, tax or legal advice. Rules, limits and rates change, so check the current figures with the Canada Revenue Agency, your province or your financial institution before you act.