BMO Equal Weight REITs Index ETF Review (ZRE) 2024

Last Updated: 3/7/2024

Wealth Awesome Rating: 67/100
This equity ETF has an MER of 0.62%. With higher than average fees, it’s a premium option. Managing 384 million in assets, it’s less popular among investors. Suitable for those seeking growth with a medium to high risk tolerance.
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.

ZRE trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The BMO Equal Weight REITs Index (ZRE) is one of the most popular ETF’s in Canada by market cap. Let’s take a closer look at this ETF here.  

What is the BMO Equal Weight REITs Index ETF

A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.62%. This ETF trades on the TSX exchange.

ZRE stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $384MM

Expense Ratio: 0.62%

Price: $20.57 (Updated: 3/7/2024)

BMO Equal Weight REITs Index (ZRE) Top 10 Holdings

Company NameSymbolAssets %
Minto Apartment Real Estate Investment TrustMI-UN5.77202
Chartwell Retirement ResidencesCSH-UN5.42597
First Capital Real Estate Investment TrustFCR-UN5.15972
Choice Properties Real Estate Investment TrustCHP-UN4.99459
InterRent Real Estate Investment TrustIIP-UN4.88673
SmartCentres Real Estate Investment TrustSRU-UN4.85433
Crombie Real Estate Investment TrustCRR-UN4.79334
Boardwalk Real Estate Investment TrustBEI-UN4.77051
Dream Industrial Real Estate Investment TrustDIR-UN4.76717
Primaris Retail R.E. Invest. Tr. UnitsPMZ-UN4.75783

BMO Equal Weight REITs Index (ZRE) Breakdown by Market Cap


BMO Equal Weight REITs Index (ZRE) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials00
Consumer Cyclicals00.07364
Financial Services00.11832
Real Estate10099.52064
Communication Services00
Consumer Defensive00

BMO Equal Weight REITs Index (ZRE) Geographic Breakdown

RegionEquity %Relative to Category
North America10080.649
United Kingdom02.37065
Europe Developed05.045
Europe Emerging00
Africa/Middle East00.128
Asia Developed03.613
Asia Emerging00.023
Latin America00.046

ZRE Management Expense Ratio

ZRE has a management expense ratio of  0.62% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.  

How to Buy  BMO Equal Weight REITs Index TSX ETF

You can buy  ZRE on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:  
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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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1 thought on “BMO Equal Weight REITs Index ETF Review (ZRE) 2024”

  1. ZRE maintains its impressive track record of providing stability and growth potential in a tumultuous market through a balanced approach to investing in REITs.


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