Related Strategy & Insights
Portfolio Strategy Report (Q2 2025)
As we update our quarterly portfolio strategy, we’re reminded of an important lesson that often must be re-learned. Namely, that markets are terrible at forecasting non-linear events.
To wit, we are preparing this edition just ahead of the “America First Trade Policy” memorandum is scheduled to be released. That release is expected to recommend additional country-specific tariffs to be implemented based on the principle of reciprocity and other non-tariff barriers.
Additionally, tariff exemptions on USMCA-compliant imports from Canada and Mexico are set to expire on April 2nd while the threat of sector-specific damage on autos, semiconductors and pharmaceuticals still looms large.
Related Trade Ideas & Podcasts
Podcast: Outlook for International Equities - October 22, 2025
Listen/read now
Where should investors be looking abroad? In this deep dive episode, Bipan Rai, Johan Ahlberg, and your host, Erika Toth, put international equities under the microscope. They explore trends in recent flows data, ways to diversify outside of Canada with ETFs and CDRs, and the outlook for the months ahead. Erika Toth is Director, Institutional & Advisory, 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 at BMO GAM and Johan Ahlberg, Director, Development & Strategic Advisory, Structured Solutions at BMO GAM. The episode was recorded live on Wednesday, October 22, 2025.
Tools and Performance Updates
BMO ETFs Proxy Voting Dashboard
Full transparency on how BMO GAM voted, by ETF