BMO ETFs: Views from the Desk
Episodes
E294 – 2025 ETF Flows: A Milestone Year
18 Dec 2025
Contributed by Lukas
As the year winds down, we’re taking a moment to reflect. In today’s episode, host Erika Toth is joined by Bipan Rai and Matt Montemurro to...
The Open Outcry Podcast: Examining Alts in Current Portfolio Construction
17 Dec 2025
Contributed by Lukas
A variety of factors, from positive correlations between stocks and bonds to improving access via new products and fund structures, have made alternat...
The Open Outcry: Looking for Upside Surprises in Equities Next Year
12 Dec 2025
Contributed by Lukas
With attention turning toward capital allocation decisions for 2026, Bipan is joined by BMO Global Asset Management CIO Sadiq Adatia to examine key th...
E293 – Decoding Q4 Canadian Bank Earnings
11 Dec 2025
Contributed by Lukas
In this episode, Sohrab Movahedi, Bipan Rai, and your host, Skye Collyer, delve into Q4 Canadian bank earnings, touching on what’s driving growth an...
E292 – Strengthening Your Core with ETFs
04 Dec 2025
Contributed by Lukas
Portfolios are only as strong as their foundations. In today’s episode, Alain Desbiens joins your host, Erika Toth, to take a deep dive into low-cos...
The Open Outcry: Two Sectors Poised for a Bullish 2026
03 Dec 2025
Contributed by Lukas
With the final weeks of trading for 2025 underway, Bipan surveys some key data points shaping markets through year-end and into 2026, while diving int...
E291 – 2025 ETF Trends in Canada
27 Nov 2025
Contributed by Lukas
In today’s episode, special guest Andres Rincon and your host, Erika Toth, reflect on the top ETF trends from the year, including industry flows, ne...
The Open Outcry: A Brief but Deep Dive on the AI Theme
26 Nov 2025
Contributed by Lukas
Hundreds of billions of dollars have been allocated to building out compute capacity in recent months—with hundreds of billions more to come next ye...
E290 – What is Tax-Loss Selling?
20 Nov 2025
Contributed by Lukas
As 2025 nears its close, your host Erika Toth sits down with special guests Dante Rossi and Erin Allen to talk about tax-loss harvesting—including i...
E289 – What the 2025 Federal Budget Means for Investors
13 Nov 2025
Contributed by Lukas
What’s in the 2025 Federal Budget? In today’s episode, special guest Larry Berman and host, Danielle Neziol, delve into the government’s extensi...
E288 – A Deep Dive on CLOs
06 Nov 2025
Contributed by Lukas
In today’s episode, special guest Mark Jarosz and host Zayla Saunders revisit CLO ETFs. This time, they explore the middle of the capital stack that...
E287 – The Case for Commodities
30 Oct 2025
Contributed by Lukas
Looking for portfolio diversifiers? In this episode, special guests Roxane Lapenna, Jimmy Xu and host Andrew Vachon delve into one of the world’s ol...
The Open Outcry: Why Equities Should Benefit from Tailwinds into 2026
29 Oct 2025
Contributed by Lukas
The AI capex boom is helping spur equity valuations higher, but prompting worries about a potentially painful market correction. Brent Joyce of BMO Pr...
E286 – Outlook for International Equities
23 Oct 2025
Contributed by Lukas
Where should investors be looking abroad? In this deep dive episode, Bipan Rai, Johan Ahlberg, and host Erika Toth put international equities under th...
The Open Outcry: A Chat with Stephen Poloz
21 Oct 2025
Contributed by Lukas
Former Bank of Canada Governor Stephen Poloz joins Bipan to discuss the implications of the fourth industrial revolution now underway, and how Canadia...
E285 – Guided ETF Portfolio Strategy Q4 2025
16 Oct 2025
Contributed by Lukas
As markets continue to send contradictory signals, ETF and Alternatives Strategist, Bipan Rai and host, Michelle Allen, analyze which parts of the pre...
The Open Outcry: Renewed U.S.-China Trade War Clouds Outlook
15 Oct 2025
Contributed by Lukas
A surprisingly hardline stance from Beijing on rare earths exports combined with Trump’s renewed threat of steep import tariffs has swiftly thrust g...
Simplify Your Portfolio with Asset Allocation ETFs
09 Oct 2025
Contributed by Lukas
Today, we have a special treat for our listeners—a deep dive episode of the BMO Smarter Investing podcast. Join Kevin Prins and your host, Erin Alle...
E284 – Understanding Long-Short Strategies
02 Oct 2025
Contributed by Lukas
What exactly are long-shorts? And how do they differ from traditional ETFs? In this episode, special guest Lu Lin and host, Erika Toth, delve into the...
The Open Outcry Podcast: Gold’s ‘Glow Up’ Moment
01 Oct 2025
Contributed by Lukas
Central banks have been the biggest source of demand for bullion in recent years, however, that is shifting as new entrants alter the balance of power...
E283 – A Deep Dive on Canadian Equities
25 Sep 2025
Contributed by Lukas
In this episode, special guest Valerie Grimba and your host, Danielle Neziol, take a deep dive into the Canadian equity market. They compare it to oth...
The Open Outcry: Checking in on the Canadian Housing Market
24 Sep 2025
Contributed by Lukas
Slack is building in multiple areas of the Canadian economy, while immigration trends that were supporting growth are now reversing. Robert Kavcic, se...
E282 – Mitigating U.S. Dollar Risk with Hedged-to-CAD Strategies
18 Sep 2025
Contributed by Lukas
Investors face the conundrum of a U.S. equity market that continues to move higher yet a U.S. dollar headed in the opposite direction, presenting a po...
E281 – What ETF Flows Are Telling Us
11 Sep 2025
Contributed by Lukas
Will it be another record-breaking year for Canadian ETF inflows? In this episode, Bipan Rai, Matt Montemurro, and your host, Erika Toth, delve into t...
The Open Outcry: A Quick Overview of the Credit Market
10 Sep 2025
Contributed by Lukas
Central bank policy decisions amid mixed economic data loom large over North American credit markets this fall. Vishang Chawla, portfolio manager, act...
E280 – Decoding Q3 Canadian Bank Earnings
04 Sep 2025
Contributed by Lukas
Last quarter, our mantra was “the best offence is a good defence.” Does it still make sense in today’s environment? In this episode, special gue...
The Open Outcry: September seasonality and other macro factors driving markets
03 Sep 2025
Contributed by Lukas
The early autumn has been accompanied in recent years by broad market weakness and heightened volatility, and this September appears to be no exceptio...
E279 – The Past, Present, and Future of ETFs
21 Aug 2025
Contributed by Lukas
Exchange-traded funds were once thought to be a passing fad in investing; now, 35 years later, the ETF industry is booming. In this special episode, V...
E278 – Tech Trends and the Knowledge Revolution
14 Aug 2025
Contributed by Lukas
Do we really know AI? In this episode, Malcolm White, Bipan Rai, and host, Zayla Saunders, take a deep dive into artificial intelligence and the unkno...
The Open Outcry: How to deal with volatility in the U.S. rates market
13 Aug 2025
Contributed by Lukas
Monetizing volatility through structured rate instruments has become a trusted income strategy, including for the BMO Strategic Fixed Income Yield Fun...
E277 – Trump, Tariffs, and Trade Agreements
07 Aug 2025
Contributed by Lukas
What’s next for U.S.-Canada trade? In this episode, ETF and Alternatives Strategist Bipan Rai, and host, Erika Toth, break down the current and pote...
The Open Outcry: How fast is the U.S. macro backdrop weakening?
06 Aug 2025
Contributed by Lukas
The latest U.S. jobs report has sent tremors through financial markets, altering odds of when—and how quickly—the U.S. Federal Reserve will commen...
The Open Outcry: All About CLOs
30 Jul 2025
Contributed by Lukas
Collateralized Loan Obligations are shaking up the Canadian investing landscape. Bipan is joined by BMO Global Asset Management’s private credit hea...
E276 – Trump vs. Powell: Unpacking the Feud
28 Jul 2025
Contributed by Lukas
In this episode, ETF Strategist Bipan Rai, and your host, Erin Allen, unpack the growing tensions between U.S. President Donald Trump and Fed Chair Je...
The Open Outcry: The Bank of Canada’s Path Forward
23 Jul 2025
Contributed by Lukas
Job market data and other official figures suggest the Canadian economy is on surprisingly steady ground, but other indicators are decidedly more bear...
E275 – Guided Portfolio Strategy Q3 2025
17 Jul 2025
Contributed by Lukas
What are the side effects of higher pricing pressures and capital costs? In this episode, ETF Strategist Bipan Rai, and host, Michelle Allen, break do...
E274 – Gold that Glows with Cash that Flows
10 Jul 2025
Contributed by Lukas
What are the advantages of investing in gold? In this special episode, Portfolio Managers Jonathan Lau and Olivia Li, and your host, Erika Toth, explo...
E273 – Going Beyond the Index with Brian Belski
26 Jun 2025
Contributed by Lukas
In this episode, your host, Erika Toth, sits down with special guest Brian Belski, to get his sought-after market outlook for the months ahead and int...
The Open Outcry: What the Middle East Conflict Means for the Commodity Space
25 Jun 2025
Contributed by Lukas
A new floor price for world oil prices as well as rising forecasts for gold are two among many implications traders are weighing as tensions simmer be...
E272 – Decoding Q2 Canadian Bank Earnings
19 Jun 2025
Contributed by Lukas
In this episode, special guest Sohrab Movahedi, ETF Strategist Bipan Rai, and your host, Skye Collyer, take a deep dive into Canada’s Big Six banks,...
The Open Outcry: The 411 on Section 899
18 Jun 2025
Contributed by Lukas
A part of the new U.S. tax bill (Section 899) holds potentially sweeping implications for Canadian investments in the United States. Leila Ross from B...
E271 – Mid-Year Insights: ETF Industry Flows
12 Jun 2025
Contributed by Lukas
Will 2025 be another record year for the ETF industry? In this episode, Bipan Rai, Matt Montemurro, and host, Erika Toth, look at the latest trends an...
The Open Outcry: June House View - Neutral for Now but Keep the Engine Running
11 Jun 2025
Contributed by Lukas
Bipan Rai and BMO Global Asset Management Chief Investment Officer Sadiq Adatia discuss the monthly House View outlook from Sadiq and team for June, d...
E270 – An Investor’s Guide to Infrastructure in 2025
29 May 2025
Contributed by Lukas
From sidewalks to skyscrapers, Bipan Rai, Massimo Bonansinga, and host, Andrew Vachon, drill down on the critical role infrastructure plays in economi...
The Open Outcry: One Big, Beautiful Podcast that Unpacks Trump’s ‘One, Big Beautiful’ Tax Bill
28 May 2025
Contributed by Lukas
U.S. House Republican tax legislation backed by President Trump holds potentially significant implications for foreign investors, including Canadians....
E269 – An Intro to CLOs
22 May 2025
Contributed by Lukas
In today’s episode, special guest Mark Jarosz, and your host, Zayla Saunders, take us to the top of the cash flow waterfall to provide must-know ans...
E268 – The Case for Tactical Investing
15 May 2025
Contributed by Lukas
In today’s episode, special guest Jeremy Fehr, and your host, Erika Toth, dive into the history of SIA Wealth and explore its innovative approach to...
The Open Outcry: The Current State of the CAD and US Rates Markets
14 May 2025
Contributed by Lukas
With the Federal Reserve and Bank of Canada (BoC) travelling on what appear to be different policy trajectories, Jason Daw, head of North American rat...
The Open Outcry: A Guide to Hedge Fund Investing
09 May 2025
Contributed by Lukas
Bipan Rai is joined by Alex Singh, alternatives partnerships lead for BMO Global Asset Management to discuss the benefits of hedge funds in an overall...
E267 – What Canada’s Election Results Mean for Investors
08 May 2025
Contributed by Lukas
In today’s episode, Bipan Rai, Matt Montemurro, and your host, Erika Toth, break down the recent federal election results. They discuss the Liberal ...
E266 – A Gameplan for the Trade War
01 May 2025
Contributed by Lukas
Trump’s trade wars are creating ripple effects that are being felt far and wide. In today’s episode, ETF Strategist Bipan Rai, and your host, Zayl...
The Open Outcry: New Liberal Government Confronts Rising Recession Risk
30 Apr 2025
Contributed by Lukas
A post-election special from BMO ETFs and alternatives strategist Bipan Rai and guest Ali Jaffery, executive director and senior economist at CIBC. Ho...
E265 – A Deep Dive on Covered Call ETFs
24 Apr 2025
Contributed by Lukas
In this episode, Jonathan Lau, Olivia Li, and host, Skye Collyer, take a deep dive into covered call ETFs—discussing how they work and strategies to...
The Open Outcry: Why Cracks Are Widening in US Dollar Dominance
23 Apr 2025
Contributed by Lukas
A volatile U.S. dollar amid broader trade uncertainty has many Canadian investors questioning whether to add or pare their FX hedges. Bipan Rai, manag...
The Open Outcry: How Canada Should Handle Trump’s Tariff Shock
16 Apr 2025
Contributed by Lukas
Tariff risk is a significant challenge for the Canadian economy—but it’s certainly not the only one confronting policy makers and the private sect...
The Open Outcry: Understanding the Gold Market
11 Apr 2025
Contributed by Lukas
Gold prices have skyrocketed as investors both big and small have poured into the precious metal seeking its relative stability amid ongoing trade unc...
E264 – Riding the Stock Market Roller-Coaster
10 Apr 2025
Contributed by Lukas
Trump’s tariffs have sent stock markets on a roller-coaster ride. Are investors ready for more? In this episode, ETF Strategist Bipan Rai, and host,...
E263 – Guided Portfolio Strategy Q2 2025
03 Apr 2025
Contributed by Lukas
In this episode, ETF Strategist Bipan Rai, and host, Erika Toth, share why they are proceeding with market caution over exuberance and provide a Q2 up...
E262 – Targeting Your Investment Goals
27 Mar 2025
Contributed by Lukas
In this episode, Matt Montemurro, and your host, Acushla Vestby, explore the evolution of the traditional bond laddering strategy—and what the next ...
NEW PODCAST - The Open Outcry: Burning Questions Ahead of Key U.S. Tariff Deadline
26 Mar 2025
Contributed by Lukas
Volatile markets have greeted the tariff regime the Trump Administration appears intent on enacting. Ahead of a key April 2nd deadline for a wave of U...
E261 – Fixed Income Insights and Inflation
20 Mar 2025
Contributed by Lukas
Will inflation’s sudden spike push the Bank of Canada to press pause on rate cuts? In this episode, Bipan Rai, Matt Montemurro, and your host, Erika...
E260 – Decoding Q1 Canadian Bank Earnings
13 Mar 2025
Contributed by Lukas
In this episode, Sohrab Movahedi, Bipan Rai, and your host, Skye Collyer, take a deep dive into Canada’s Big Six banks, from first-quarter earnings ...
E259 – Trends in ETF Flows
07 Mar 2025
Contributed by Lukas
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 insight...
E258 – Trump’s Tariffs: Where Do They Stand?
27 Feb 2025
Contributed by Lukas
Trump’s tariffs are coming—the question is: when? In this episode, ETF Strategist Bipan Rai, and host, Zayla Saunders, discuss key dates and the p...
E257 – A Deep Dive on Sector Investing
20 Feb 2025
Contributed by Lukas
What are the sectoral flows into and out of the Global Industry Classification Standards, or GICS, telling us? In this episode, special guest Michael ...
E256 – What are CDRs?
13 Feb 2025
Contributed by Lukas
Looking to invest overseas with ease? In this episode, special guests Johan Ahlberg, Acushla Vestby, and your host, Erin Allen, explore the fundamenta...
E255 – How Will Trump Tariffs Hit Tech?
04 Feb 2025
Contributed by Lukas
As the world reacts to Trump’s tariffs, questions mount. In this episode, ETF Strategist Bipan Rai, Portfolio Manager Jeremy Yeung, and your host, M...
E254 – Guided Portfolio Strategy Q1 2025
30 Jan 2025
Contributed by Lukas
How are today’s hot-button issues impacting markets? In this episode, ETF Strategist Bipan Rai, and your host, Erika Toth, share more on their cauti...
E253 – Trump, Tariffs & Trade
23 Jan 2025
Contributed by Lukas
Trump and tariffs and trade, oh my! In this episode, special guest Chris Krueger, ETF Strategist Bipan Rai, and your host, Erin Allen, discuss the cur...
E252 – Should You Be Wary of the U.S. Market in 2025?
16 Jan 2025
Contributed by Lukas
Is the coast all clear for another banner year for U.S. assets? In this episode, ETF Strategist Bipan Rai, and your host, Erika Toth, explore several ...
E251 – A Record-Breaking Year for Canadian ETFs
09 Jan 2025
Contributed by Lukas
The Canadian ETF industry ended 2024 with a bang—shattering several records. In this episode, Portfolio Manager Matt Montemurro, ETF Strategist Bipa...
President-Elect Donald Trump’s Tariff Threat is Too Big to Dismiss
26 Dec 2024
Contributed by Lukas
Today, we have a special treat for our listeners—an in-depth episode of the Markets Plus podcast by BMO Capital Markets. In this panel discussion, y...
E250 – Decoding Q4 Canadian Bank Earnings
19 Dec 2024
Contributed by Lukas
In this special episode, Sohrab Movahedi, Bipan Rai, and Skye Collyer take a deep dive into Canada’s Big Six, from recent earnings results and valua...
E249 – Fixed Income Positioning After Jumbo BoC Rate Cut
12 Dec 2024
Contributed by Lukas
After another 50-basis point rate cut, the market is weighing where the Bank of Canada’s rate path goes from here. While the latest inflation print ...
E248 – A Deep Dive on Long-Short Strategies
05 Dec 2024
Contributed by Lukas
In this episode, special guest, Lu Lin, and your host, Zayla Saunders, take a deep dive into long-short strategies—revealing why they believe this n...
E247 – A Trump 2.0 Economy
28 Nov 2024
Contributed by Lukas
As markets prepare for Trump 2.0, ETF Strategist Bipan Rai, and your host, Erika Toth, draw parallels between the 2016 and 2024 economic dynamics, dis...
E246 – Investing in New Era of Infrastructure Transformation
21 Nov 2024
Contributed by Lukas
AI, de-carbonization and de-globalization are three of several trends transforming energy infrastructure, heralding a new era of potentially higher gr...
E245 – Using ETFs for Tax-Loss Selling Strategies
14 Nov 2024
Contributed by Lukas
As we approach the end of the year, many investors are thinking about tax efficiency within their portfolio. Tax loss selling can have a significant i...
E244 – Investing Post-U.S. Election
08 Nov 2024
Contributed by Lukas
Donald Trump has been elected the 47th U.S. president. In this special episode, ETF Strategist Bipan Rai, and yournhost, Erika Toth, recap the results...
E243 – Making Sense of Quality Investing
31 Oct 2024
Contributed by Lukas
In this episode, special guest Paul Riccardella, and your host, Erika Toth, explore the evolution of factor ETFs and delve into all things Quality inv...
E242 – Guided Portfolio Strategy Q4 2024
24 Oct 2024
Contributed by Lukas
In this episode, ETF Strategist Bipan Rai, and your host, Erika Toth, explore the humming U.S. economy, while Canada’s faces turbulence in the home ...
E241 – What to Expect from Interest Rates
10 Oct 2024
Contributed by Lukas
Might we see a jumbo rate cut from the Bank of Canada in October? In today’s episode, Portfolio Manager Matt Montemurro, and your host, Mckenzie Box...
E240 – A Deep Dive on Currency Strategies
04 Oct 2024
Contributed by Lukas
What is currency hedging? And why does it matter? In this special episode, ETF Strategist Bipan Rai, and your host, Zayla Saunders, take a deep dive i...
E239 – The Fed Cut. Now What?
26 Sep 2024
Contributed by Lukas
In its September meeting, the U.S. Federal Reserve cut interest rates for the first time in four years. How did markets react to the much-anticipated ...
E238 – Decoding Q3 Canadian Bank Earnings
19 Sep 2024
Contributed by Lukas
In this special episode, Sohrab Movahedi, Bipan Rai, and Daniel Stanley take a deep dive into the third quarter earnings from Canada’s Big Six, brea...
E237 – BMO ETF Q3 Investment Strategy
06 Sep 2024
Contributed by Lukas
As a shifting economic backdrop fans recession fears in the U.S., is a soft landing still on the table? In this episode, ETF Strategist Bipan Rai, and...
E236 – What Are ETF Flows Telling Us?
22 Aug 2024
Contributed by Lukas
In this episode, ETF Strategist Bipan Rai, and host, Erika Toth, delve into the latest ETF industry flows and the themes shaping markets amid recent b...
E235 – Dissecting Recession Risks
15 Aug 2024
Contributed by Lukas
Is the U.S. heading for a recession? In today’s episode, Portfolio Manager Chris Heakes, ETF Strategist Bipan Rai, and your host, Mckenzie Box, exam...
E234 – Fed Cut Could Be Coming. Here’s What to Expect
02 Aug 2024
Contributed by Lukas
In today’s episode, the team scrutinizes the odds of a September Fed cut and discusses ways to get ahead of falling rates. BMO Gold Bullion ETF (Ti...
E233 – The Case for Global Equities, Today
25 Jul 2024
Contributed by Lukas
Despite several growing risks and ongoing volatility, opportunities persist. In this special episode, BMO Global Asset Management CIO Sadiq Adatia and...
E232 – Cathie Wood on Innovation Investing
18 Jul 2024
Contributed by Lukas
From AI to automation, a global technological transformation is underway. In today’s episode, special guests Cathie Wood, Kevin Prins, and your host...
E231 – An Economic Outlook
11 Jul 2024
Contributed by Lukas
There’s no shortage of moving parts or risk factors in today’s environment. In this episode, BMO Senior Economist Jennifer Lee, and your host, Eri...
E230 – A Deep Dive on AI and the Investment Cycle
27 Jun 2024
Contributed by Lukas
Are we entering a new Industrial Revolution? In today’s episode, special guest Jeremy Yeung, and your host, Mckenzie Box, dive into the booming worl...
E229 – Understanding Buffer ETFs
20 Jun 2024
Contributed by Lukas
Looking for a shock absorber for your portfolio? In this deep-dive episode, Portfolio Manager Chris McHaney, and your host, McKenzie Box, share how Bu...
E228 – Decoding Q2 Canadian Bank Earnings
17 Jun 2024
Contributed by Lukas
In this special episode, Sohrab Movahedi, Chris Heakes, and Daniel Stanley break down the second quarter earnings from Canada’s “Big Six,” recap...
E227 – A Deep Dive on Factor ETFs
06 Jun 2024
Contributed by Lukas
In this deep-dive episode, special guests Paul Riccardella, Richard Ho, and your host, Kevin Prins, provide a careful analysis of factor ETFs—from t...
E226 – BMO GAM’s House View
30 May 2024
Contributed by Lukas
As the U.S. economy appears stronger for longer, Canada prepares for potential interest rate cuts. In this deep-dive episode, BMO GAM CIO Sadiq Adatia...
E225 – Trump vs. Biden: How the U.S. Election Could Impact Markets
16 May 2024
Contributed by Lukas
With the 2024 U.S. presidential election just under six months away, headlines are heating up. In today’s episode, Portfolio Managers Chris Heakes, ...
E224 – ETF Industry Flows
09 May 2024
Contributed by Lukas
Equities continue to dominate Canadian ETF flows. Hear about this trend and more in today’s episode, as Erika Toth, David Cheng, and your host, Mcke...
E223 – Fed to Shrink Balance Sheet at Slower Pace
02 May 2024
Contributed by Lukas
The U.S. Federal Reserve made a big announcement—and it’s not about interest rates. In today’s episode, Portfolio Managers Matt Montemurro, Chri...