BMO MSCI Emerging Markets Index ETF Review (ZEM) 2024

Last Updated: 3/7/2024

Wealth Awesome Rating: 72/100
This equity ETF has an MER of 0.46%. With higher than average fees, it’s a premium option. Managing 159 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.

ZEM 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 MSCI Emerging Markets Index (ZEM) 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 MSCI Emerging Markets Index ETF

A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.46%. This ETF trades on the TSX exchange.

ZEM stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $159MM

Expense Ratio: 0.46%

Price: $19.68 (Updated: 3/7/2024)

BMO MSCI Emerging Markets Index (ZEM) Top 10 Holdings

Company NameSymbolAssets %
Taiwan Semiconductor Manufacturing Co. Ltd.23306.31647
Samsung Electronics Co Ltd0059303.85785
iShares MSCI Emerging Markets ETFEEM3.52183
Tencent Holdings Ltd07003.40978
Alibaba Group Holding Ltd99882.12197
Reliance Industries LimitedRELIANCE1.40525
SK Hynix Inc0006600.95269
ICICI Bank LimitedICICIBANK0.91636

BMO MSCI Emerging Markets Index (ZEM) Breakdown by Market Cap


BMO MSCI Emerging Markets Index (ZEM) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials7.916885.93163
Consumer Cyclicals11.5894212.6229
Financial Services22.9080723.78105
Real Estate1.600991.75479
Communication Services8.931468.79059
Consumer Defensive5.690948.24063

BMO MSCI Emerging Markets Index (ZEM) Geographic Breakdown

RegionEquity %Relative to Category
North America0.3351.013
United Kingdom0.000712.01932
Europe Developed0.3181.496
Europe Emerging2.4281.452
Africa/Middle East10.0345.413
Asia Developed29.21629.921
Asia Emerging48.39545.492
Latin America9.27213.167

ZEM Management Expense Ratio

ZEM has a management expense ratio of  0.46% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.  

How to Buy  BMO MSCI Emerging Markets Index TSX ETF

You can buy  ZEM 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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