Leveraging the insights of Brian Belski
With more than 35 years of experience investing on Bay Street and Wall Street, Brian Belski, Chief Investment Strategist at BMO Capital Markets, is a well known and regular contributor to many financial news networks in North America (CNBC, Fox Business, Bloomberg, BNN, etc.). What isn’t as well known is that since 2012 Brian has been a sub-advisor for some of the fastest growing Managed Account offerings at BMO, managing over $10 billion in AUM1.
More investors can now access Brian’s unique insights and expertise through five new BMO ETFs that are based off his most successful Managed Accounts.
Investment process starts with research
Broad investment strategy research and process encompasses sectors, industries, styles, size and fundamental factors across North American equity markets.
North American Perspective
 | US Strategy Comment Commentary on relevant market topics and associated investment implications. |
 | US Chartbook Our GO-TO Report that delineates our investment process, with monthly analysis of the S&P 500 Index, sectors and Industries. |
 | US Factor Profiles Analyse mensuelle, listes d’actions et historique de rendement de facteurs de placement fondamentaux clés de l’indice S&P 500. |
 | Canadian Snapshot Commentary on relevant market topics and associated investment implications. |
 | Canadian Chartbook Our GO-TO Report that delineates our investment PROCESS, with monthly analysis of the S&P/TSX Index, sectors and Industries. |
 | Canadian Factor Profiles Monthly analysis, stock lists, and performance history of key fundamental investment factors within the S&P/TSX Index. |
Explore our line-up of active ETFs managed by Belski
These BMO ETFs are designed to capture Brian Belski’s current views on fundamental themes, sectors, and/or industries within each model’s investment universe. These are actively traded ETFs incorporating the research of BMO Capital Markets.
| BMO Canadian Core Plus US Balanced ETF Aims to provide a balance of income and growth by investing in Canadian and U.S. equities and fixed income. |
BMO Canadian Equity Plus ETF Aims to provide long-term growth by investing in equities with a target allocation3 of 70% to Canadian issuers and 30% to U.S. issuers. Management fee: 0.45% Risk Rating2: Medium Distribution Frequency: Annually ZBEC |
BMO US Large Cap Disciplined Value ETF Aims to provide long-term growth by investing in U.S. large-cap equities that exhibit value characteristics. Management fee: 0.45% Risk Rating2: Medium Distribution Frequency: Annually ZBVU |
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| BMO US Equity Focused ETF Aims to provide long-term growth by investing in U.S. core large-cap equities. Management fee: 0.45% Risk Rating2: Medium Distribution Frequency: Annually ZBEU | ZBEU.F |
BMO US Dividend Growth ETF Aims to provide income and long-term growth by investing in U.S. dividend-paying equities with a focus on consistent dividends, yield and growth. Management fee: 0.45% Risk Rating2: Medium Distribution Frequency: Monthly ZBDU | ZBDU.F |
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Belski in the news
“Show Me” to “Scare Me” Market Transition
Brian Belski, Chief Investment Strategist at BMO Capital Markets, talks about why he expects more gains for stocks and why he remains bullish on the S&P. View the video
The Investment Committee dive into the catalysts that could drive the market’s next move
The Investment Committee discuss the road to record high as stocks take a breather following six straight days of gains in the S&P 500. View the video
Mag Seven Are The New Consumer Staples: Brian Belski
The Investment Committee discuss the road to record high as stocks take a breather following six straight days of gains in the S&P 500. View the video
Additional resources
Brochure
Insights
BMO Belski ETFs1 are based off BMO Capital Markets most successful Managed Accounts strategies which Brian Belski has managed since 2012.
These strategies leverage the strength and insights of BMO Capital Markets equity and economic research and corporate debt strategy. As part of their ongoing support, they produce regular and insightful content on each of the strategies they manage.
Please Note – BMO Capital Markets materials include information on all of the strategies they manage, but not all of the strategies are available as a BMO ETF or BMO Mutual Fund (MF). In the table below we’ve listed the BMO Capital Markets Strategies associated with a BMO ETF or BMO MF.
BMO Capital Markets Strategies |
BMO ETTs/MF based on BMO CM |
Large Cap Canadian Plus Equity Portfolio |
BMO Canadian Equity Plus ETF |
BMO Canadian Core Plus US Balanced ETF – the equity |
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North American Dividend Growth Portfolio |
BMO US Dividend Growth ETF – The ETF bases |
US Large Cap Disciplined Value Portfolio |
BMO US Large Cap Disciplined Value ETF |
US Equity Plus Portfolio |
BMO U.S. Equity Plus Fund |
US All Cap Equity Portfolio |
BMO U.S. All Cap Equity Fund – (MF series and ETF series) |
US Tactical Equity Portfolio |
BMO US Equity Focused ETF |
IMPORTANT – Performance information included within the BMO Capital Markets assumes gross returns with no fee or trading costs and uses month end close prices for all buys and sells. Model weights are static and rebalance monthly.
The materials are provided for information purposes, intended for Advisor Use and available in English only.
Monthly – Investment Strategy Portfolios Update – overview of how each mandate has performed during the month and the main contributor/detractors to the strategy as well as additions/deletions during the month
Quarterly – Portfolio Strategy Update that provides an in-depth review of each strategy with an overview, outlook and current allocation as well as additions and deletions over the quarter.
Get started
You can purchase BMO ETFs through your direct investing account with your online broker, or through your investment advisor.
Sources
1Source: BMOGAM as of April 2025.
2All investments involve risk. The value of an ETF can go down as well as up and you could lose money. The risk of an ETF is rated based on the volatility of the ETF’s returns using the standardized risk classification methodology mandated by the Canadian Securities Administrators. Historical volatility doesn’t tell you how volatile an ETF will be in the future. An ETF with a risk rating of “low” can still lose money. For more information about the risk rating and specific risks that can affect an ETF’s returns, see the BMO ETFs’ simplified prospectus.
1 BMO ETFs may deviate from their respective models.
Disclaimer
No portion of this communication may be reproduced or distributed to clients.
Commissions, management fees and expenses (if applicable) may be associated with investments in mutual funds and exchange traded funds (ETFs). Trailing commissions may be associated with investments in mutual funds. Please read the fund facts, ETF Facts or simplified prospectus of the relevant mutual fund or ETF before investing. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
For a summary of the risks of an investment in BMO Mutual Funds or BMO ETFs, please see the specific risks set out in the simplified prospectus of the relevant mutual fund or ETF. 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 Mutual Funds are offered by BMO Investments Inc., a financial services firm and separate entity from Bank of Montreal. BMO ETFs are managed and administered by BMO Asset Management Inc., an investment fund manager and portfolio manager and separate legal entity from Bank of Montreal.
This webpage is for information purposes only. The information contained herein is not, and should not be construed as investment, tax or legal advice to any party. Particular investments and/or trading strategies should be evaluated and professional advice should be obtained with respect to any circumstance.
The viewpoints expressed by the Portfolio Manager represents their assessment of the markets at the time of publication. Those views are subject to change without notice at any time.
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.
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