Question 1

What is ZEQ?

Accepted Answer

ZEQ (BMO MSCI Europe High Quality CAD Hedged) is a Canadian-listed ETF trading on the TSX in the European Equity category. It tracks the Morningstar Eur GR CAD.

Question 2

What is the ZEQ ETF price today?

Accepted Answer

ZEQ last traded at $32.16 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the ZEQ MER (management expense ratio)?

Accepted Answer

ZEQ 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%, ZEQ is considered a low-cost ETF.

Question 4

What are ZEQ annualised returns?

Accepted Answer

ZEQ historical returns: YTD: +4.11%, 1-year: +6.26%, 3-year annualised: +6.15%, 5-year annualised: +4.99%, 10-year annualised: +9.16%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.27, which measures risk-adjusted return.

Question 5

Does ZEQ pay dividends or distributions?

Accepted Answer

Yes, ZEQ distributes income to unitholders. The current distribution yield is approximately 2.88%, paid quarterly. 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 ZEQ invest in?

Accepted Answer

ZEQ's top holdings include ASML Holding N.V. (ASML, 6.1%), Novartis AG (NOVN, 4.9%), AstraZeneca PLC (AZN, 4.8%), Roche Holding AG (ROP, 4.5%), Nestle S.A. (NESN, 4.5%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Eur GR CAD.

Question 7

What sectors does ZEQ invest in?

Accepted Answer

ZEQ's largest sector exposures are Healthcare (24.9%), Industrials (21.8%), Consumer Defensive (15.2%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is ZEQ? (Assets under management)

Accepted Answer

ZEQ has approximately $316M 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 ZEQ launched?

Accepted Answer

ZEQ was launched on February 10, 2014, giving it a 12-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 ZEQ in Canada?

Accepted Answer

ZEQ trades on the TSX under the ticker ZEQ. 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 ZEQ?

Accepted Answer

ZEQ has a 1-year volatility of 11.33% and a beta of 0.91 (roughly in line with the broad market). Its 3-year Sharpe ratio of 0.27 indicates below-average risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-07-13	$32.25	$32.25	$32.16	$32.16	$32.16	653
2026-07-10	$32.45	$32.45	$32.30	$32.37	$32.37	4,659
2026-07-09	$32.40	$32.40	$32.32	$32.33	$32.33	8,012
2026-07-08	$32.58	$32.58	$32.25	$32.38	$32.38	9,054
2026-07-07	$33.02	$33.04	$32.75	$32.76	$32.76	6,870
2026-07-06	$32.87	$33.05	$32.85	$32.89	$32.89	14,988
2026-07-03	$33.16	$33.34	$33.11	$33.11	$33.11	4,200
2026-07-02	$32.60	$33.06	$32.60	$33.00	$33.00	14,694
2026-06-30	$32.65	$32.71	$32.63	$32.64	$32.64	9,700
2026-06-29	$32.45	$32.57	$32.45	$32.57	$32.57	5,120

#	Ticker	Name	Weight
1	ASML	ASML Holding N.V.	6.08%
2	NOVN	Novartis AG	4.88%
3	AZN	AstraZeneca PLC	4.85%
4	ROP	Roche Holding AG	4.53%
5	NESN	Nestle S.A.	4.46%
6	ABBN	ABB Ltd	3.41%
7	NOVO-B	Novo Nordisk A/S	3.39%
8	SAP	SAP SE	3.07%
9	ULVR	Unilever PLC	2.83%
10	ALV	Allianz SE VNA O.N.	2.73%

Sector	Weight
Healthcare	24.93%
Industrials	21.78%
Consumer Defensive	15.24%
Technology	10.79%
Consumer Cyclicals	9.70%
Financial Services	9.42%
Basic Materials	6.33%
Communication Services	1.50%
Utilities	0.30%
Real Estate	0.00%
Energy	0.00%

BMO MSCI Europe High Quality CAD Hedged (ZEQ : TSX)

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Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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