Question 1

What is ZEM?

Accepted Answer

ZEM — BMO MSCI Emerging Markets Index ETF — is a Canadian-listed ETF trading on the TSX. The BMO MSCI Emerging Markets Index ETF has been designed to replicate, to the extent possible, the performance of the MSCI Emerging Markets Index, net of expenses. The Fund invests in emerging markets equity. The Manager may use a sampling methodology in selecting investments for the Fund. The Fund may also invest in or hold securities intended to replicate the performance of the Index. In additi…

Question 2

What is the ZEM ETF price today?

Accepted Answer

ZEM last traded at $34.22 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZEM MER (management expense ratio)?

Accepted Answer

ZEM has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, ZEM is considered a low-cost ETF.

Question 4

What are ZEM annualised returns?

Accepted Answer

ZEM historical returns: YTD: +23.81%, 1-year: +33.20%, 3-year annualised: +25.92%, 5-year annualised: +10.97%, 10-year annualised: +9.61%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 1.26, which measures risk-adjusted return.

Question 5

Does ZEM pay dividends or distributions?

Accepted Answer

Yes, ZEM distributes income to unitholders. The current distribution yield is approximately 1.80%, paid annually. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does ZEM invest in?

Accepted Answer

ZEM's top holdings include Taiwan Semiconductor Manufacturing Co. Ltd. (2330, 14.3%), Samsung Electronics Co Ltd (005930, 6.6%), iShares MSCI Emerging Markets ETF (EEM, 5.7%), SK Hynix Inc. (000660, 5.1%), Tencent Holdings Ltd (0700, 2.8%) — and 3 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar EM GR CAD.

Question 7

What sectors does ZEM invest in?

Accepted Answer

ZEM's largest sector exposures are Technology (41.8%), Financial Services (19.5%), Consumer Cyclicals (8.4%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZEM? (Assets under management)

Accepted Answer

ZEM has approximately $3.76B in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was ZEM launched?

Accepted Answer

ZEM was launched on October 20, 2009, giving it a 17-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy ZEM in Canada?

Accepted Answer

ZEM trades on the TSX under the ticker ZEM. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is ZEM?

Accepted Answer

ZEM has a 1-year volatility of 21.66% and a beta of 0.97 (roughly in line with the broad market). Its 3-year Sharpe ratio of 1.26 indicates solid risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-10-01	$34.22	$34.27	$33.91	$34.22	$34.22	46,261
2026-09-30	$34.25	$34.25	$33.97	$34.16	$34.16	67,015
2026-09-29	$34.32	$34.41	$34.11	$34.41	$34.41	43,059
2026-09-28	$34.30	$34.39	$33.94	$34.37	$34.37	137,324
2026-09-25	$34.53	$34.65	$34.35	$34.62	$34.62	60,968
2026-09-24	$34.18	$34.38	$34.13	$34.20	$34.20	60,235
2026-09-23	$34.57	$34.57	$34.20	$34.32	$34.32	128,598
2026-09-22	$34.60	$35.01	$34.46	$34.97	$34.97	68,945
2026-09-21	$34.39	$34.88	$34.22	$34.81	$34.81	76,015
2026-09-18	$33.74	$33.81	$33.50	$33.76	$33.76	83,571

#	Ticker	Name	Weight
1	2330	Taiwan Semiconductor Manufacturing Co. Ltd.	14.33%
2	005930	Samsung Electronics Co Ltd	6.63%
3	EEM	iShares MSCI Emerging Markets ETF	5.75%
4	000660	SK Hynix Inc.	5.07%
5	0700	Tencent Holdings Ltd	2.77%
6	9988	Alibaba Group Holding Ltd	1.91%
7	2454	MediaTek Inc	1.38%
8	2308	Delta Electronics Inc	0.82%

Sector	Weight
Technology	41.76%
Financial Services	19.49%
Consumer Cyclicals	8.42%
Industrials	6.22%
Basic Materials	6.20%
Communication Services	6.17%
Energy	3.55%
Healthcare	2.90%
Consumer Defensive	2.64%
Utilities	1.71%
Real Estate	0.95%

Ticker	Name	Price	1D
MSTU		$43.77	+9.62%
OILU		$59.51	+6.19%
HOU	BetaPro Crude Oil Daily Bull ETF	$26.42	+5.98%
MUU		$19.42	+5.72%
RDDY	Harvest Reddit Enhanced High Income Shares ETF	$4.63	+5.71%
MSTE	Harvest MicroStrategy Enhanced High Income Shares ETF - Class A Units	$2.85	+4.40%
CSHI	Ninepoint Constellation Software HighShares ETF	$12.40	+4.11%
HND	BetaPro Natural Gas 2x Daily Bear	$24.40	+4.01%

CIBC Investor's Edge

BMO MSCI Emerging Markets Index ETF (ZEM : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About BMO MSCI Emerging Markets Index ETF

ETF Details

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Frequently Asked Questions — ZEM