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 $31.49 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: +1.94%, 1-year: +10.26%, 3-year annualised: +7.96%, 5-year annualised: +5.10%, 10-year annualised: +8.25%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.44, 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 1.59%, 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, 5.5%), Roche Holding AG (ROP, 4.8%), Novartis AG (NOVN, 4.8%), Nestle S.A. (NESN, 4.2%), AstraZeneca PLC (AZN, 4.1%) — 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 Industrials (25.0%), Healthcare (21.2%), Consumer Defensive (14.5%). 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 $308M 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 10.58% and a beta of 0.89 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.44 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
2026-10-01	$31.64	$31.64	$31.40	$31.49	$31.49	4,805
2026-09-30	$31.87	$31.94	$31.68	$31.68	$31.68	2,461
2026-09-29	$32.00	$32.00	$31.88	$31.90	$31.90	6,086
2026-09-28	$32.12	$32.23	$31.96	$32.22	$32.22	4,211
2026-09-25	$32.30	$32.30	$32.10	$32.24	$32.24	1,013
2026-09-24	$32.08	$32.28	$32.08	$32.18	$32.18	3,821
2026-09-23	$32.24	$32.24	$32.07	$32.07	$32.07	8,600
2026-09-22	$32.28	$32.44	$32.28	$32.37	$32.37	9,843
2026-09-21	$32.05	$32.35	$32.05	$32.20	$32.20	10,055
2026-09-18	$32.00	$32.00	$31.84	$31.92	$31.92	5,213

#	Ticker	Name	Weight
1	ASML	ASML Holding N.V.	5.54%
2	ROP	Roche Holding AG	4.77%
3	NOVN	Novartis AG	4.75%
4	NESN	Nestle S.A.	4.23%
5	AZN	AstraZeneca PLC	4.07%
6	SAP	SAP SE	3.63%
7	NOVO-B	Novo Nordisk A/S	3.54%
8	ABBN	ABB Ltd	3.15%
9	ALV	Allianz SE VNA O.N.	3.10%
10	RR	Rolls-Royce Holdings PLC	3.04%

Sector	Weight
Industrials	25.05%
Healthcare	21.22%
Consumer Defensive	14.53%
Technology	12.75%
Financial Services	10.06%
Consumer Cyclicals	9.66%
Basic Materials	5.30%
Communication Services	1.04%
Utilities	0.37%
Energy	0.00%
Real Estate	0.00%

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 Europe High Quality CAD Hedged (ZEQ : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

7 stocks to buy and hold forever

Compare ZEQ

Explore More

Compare ZEQ vs Similar ETFs

Frequently Asked Questions — ZEQ