ZGLD - BMO Gold Bullion ETF

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-cost core ETFs and how they can do the heavy-lifting for investors’ financial goals at any stage of life. Erika Toth is Director and Head of ETF and Portfolio Consultants at BMO Global Asset Management (BMO GAM). She is joined on the podcast by Alain Desbiens, Vice Chair, BMO ETFs, BMO GAM. The episode was recorded live on Thursday, November 27, 2025.

Looking for portfolio diversifiers? In this episode, special guests Roxane Lapenna, Jimmy Xu and your host, Andrew Vachon, delve into one of the world’s oldest assets, Gold, as well as the wider commodities complex, and several ways an exposure can help strengthen diversification. Andrew Vachon is Vice President of Product Marketing at BMO Global Asset Management (BMO GAM). He is joined on the podcast by Roxane Lapenna, Head of Retail Investment Specialists at BMO GAM and Jimmy Xu, Head, Liquid Alts and Non Linear ETFs at BMO GAM. The episode was recorded live on Wednesday, October 29, 2025.

One of the more interesting wrinkles of the current rally in Gold is that it’s been accompanied by an uptick in global ETF holdings of the precious metal. That means retail/​institutional investors are getting in on the fun this time around – which is a bit of a departure from what we saw between late 2022 and early 2024. During that period, retail/​institutional liquidation of Gold was accommodated by central bank buying. Why are retail/​institutional investors more inclined to participate now? Three reasons: