BMO Equal Weight Utilities Index ETF Review (ZUT) 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 181 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.

ZUT 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 Utilities Index (ZUT) 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 Utilities 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.

ZUT stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $181MM

Expense Ratio: 0.62%

Price: $19.60 (Updated: 3/7/2024)

BMO Equal Weight Utilities Index (ZUT) Top 10 Holdings

Company NameSymbolAssets %
TransAlta CorpTA11.65866
Hydro One LtdH7.63957
Atco Ltd Registered Shs -I- Non VtgACO7.29148
Boralex IncBLX7.25611
AltaGas LtdALA7.10502
Brookfield Renewable Partners L.PBEP-UN7.07053
Fortis IncFTS6.99143
Canadian Utilities LimitedCU6.90514
Emera Inc.EMA6.87689
Northland Power Inc.NPI6.81304

BMO Equal Weight Utilities Index (ZUT) Breakdown by Market Cap


BMO Equal Weight Utilities Index (ZUT) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials00.89249
Consumer Cyclicals04.18515
Financial Services01.58311
Real Estate00.26776
Communication Services07.16226
Consumer Defensive01.65729

BMO Equal Weight Utilities Index (ZUT) Geographic Breakdown

RegionEquity %Relative to Category
North America10085.928
United Kingdom02.12392
Europe Developed07.473
Europe Emerging00
Africa/Middle East00.22
Asia Developed01.373
Asia Emerging00.569
Latin America00.332

ZUT Management Expense Ratio

ZUT 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 Utilities Index TSX ETF

You can buy  ZUT 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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