BMO MSCI Europe High Quality Hedged to CAD Index ETF Review (ZEQ) 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 255 million in assets, it’s widely trusted by 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.

ZEQ 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 Europe High Quality Hedged to CAD Index (ZEQ) 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 Europe High Quality Hedged to CAD 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.

ZEQ stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $255MM

Expense Ratio: 0.46%

Price: $31.23 (Updated: 3/7/2024)



BMO MSCI Europe High Quality Hedged to CAD Index (ZEQ) Top 10 Holdings

Company NameSymbolAssets %
ASML Holding NVASML5.07049
AstraZeneca PLCAZN4.92622
Novartis AGNOVN4.89313
Nestlé S.A.NESN4.81576
LVMH Moët Hennessy – Louis Vuitton Société EuropéenneMC4.7717
Roche Holding AGROG4.76433
Novo Nordisk A/SNOVO-B4.6315
Unilever PLCULVR3.40949
L’Oreal SAOR3.16146
Schneider Electric S.E.SU2.47997

BMO MSCI Europe High Quality Hedged to CAD Index (ZEQ) Breakdown by Market Cap

CategoryValue
Mega62.82448
Big27.44747
Medium8.89737
Small0
Micro0

BMO MSCI Europe High Quality Hedged to CAD Index (ZEQ) Sector Breakdown

SectorEquity %Relative to Category
Basic Materials5.79388.2377
Consumer Cyclicals13.2021311.79786
Financial Services5.7756515.1165
Real Estate00.62548
Communication Services1.198483.37742
Energy1.084835.86696
Industrials20.8626415.14489
Technology9.569457.24995
Consumer Defensive17.2032614.82086
Healthcare25.0135515.74232
Utilities0.296222.02006

BMO MSCI Europe High Quality Hedged to CAD Index (ZEQ) Geographic Breakdown

RegionEquity %Relative to Category
North America02.524
United Kingdom23.6040426.55897
Europe Developed76.39670.829
Europe Emerging00.05
Africa/Middle East00
Japan00
Australasia00
Asia Developed00
Asia Emerging00.037
Latin America00

ZEQ Management Expense Ratio

ZEQ 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 Europe High Quality Hedged to CAD Index TSX ETF

You can buy  ZEQ 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 Wealthawesome.com. 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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