Views from the Desk

Podcast: 2024 BMO ETF Desk Update on Positioning

Dec. 21, 2023

In this episode, Erika Toth and Alfred Lee discuss the latest quarterly Portfolio Strategy Report (QSR) and Fixed Income Strategy Report (FISR), which examine interest rate expectations, the Technology sector, U.S. and Canadian banks, a barbell strategy to add duration, and portfolio positioning for 2024.

Erika Toth is a Director of ETF Distribution at BMO ETFs. She is joined on the podcast by Alfred Lee, Director, Portfolio Manager and Investment Strategist at BMO Global Asset Management. The episode was recorded live on Thursday, December 212023.

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Disclosure:

*Mega cap technology names are less exposed to interest rates and have the potential to perform well despite rate cuts. Large cap tech names, such as the ones in ZWT, outperformed the market S&P 500 as interest rate expectations went down in 2023, BMO Global Asset Management and Bloomberg. 

**Comparing ZLU to ZSP in 2022 via Bloomberg, low volatility performed well.

Forward P/E ratio = The forward price to earnings ratio is the ratio for valuing a company that measures its current share price relative to its forecasted per-share earnings (EPS).

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