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 the latest industry data, exploring the seasonality of flows, currency hedging, fixed income positioning, a slight sector rotation, and a whole lot more. Erika Toth is a Director of Institutional and Advisory for Eastern Canada at BMO Global Asset Management (BMO GAM). She is joined on the podcast by Bipan Rai, Head of ETF Strategy, Exchange Traded Funds, BMO GAM and Matt Montemurro, Managing Director and Head of Fixed Income and Equity Index ETFs, Exchange Traded Funds, BMO GAM. The episode was recorded live on Wednesday, September 10, 2025.

Matt Montemurro
Head of Fixed Income and Equity Index ETFs
Matt is currently the Head of Fixed Income and Equity Index ETFs. In his role, Matt, and his team, are responsible for all index tracking mandates, both equity and fixed income, managed by BMO Global Asset Management. Matt joined BMO in 2009 and joined the BMO ETF portfolio management team in 2012. Prior to this expanded role, Matt specialized in fixed income, leading the fixed income portfolio management team and acting as portfolio manager and trader, responsible for all segments of the fixed income market, both in Canada and internationally. Matt has 15 years of industry experience in managing and trading Canadian federal, provincial, corporate and real return bonds; US Treasury and corporate bonds, both investment grade and high yield (cash bonds and CDX); as well as emerging market debt. Matt has spent his entire career at BMO, joining the bank in 2009. Matt holds an HBA and MBA from the Richard Ivey School of Business at the University of Western Ontario and is a CFA Charterholder.