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 2.98%, 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, 7.6%), Novartis AG (NOVN, 5.6%), Roche Holding AG (ROP, 5.4%), AstraZeneca PLC (AZN, 5.1%), Nestle S.A. (NESN, 4.7%) — 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 0.90 (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
2026-06-22	$32.07	$32.25	$32.07	$32.16	$32.16	12,541
2026-06-19	$32.11	$32.17	$32.11	$32.17	$32.17	902
2026-06-18	$32.23	$32.29	$32.20	$32.21	$32.21	3,707
2026-06-17	$32.03	$32.23	$32.03	$32.07	$32.07	2,278
2026-06-16	$32.15	$32.15	$32.00	$32.00	$32.00	7,500
2026-06-15	$32.53	$32.53	$32.17	$32.18	$32.18	1,369
2026-06-12	$31.62	$32.09	$31.62	$31.84	$31.84	2,499
2026-06-11	$31.74	$32.00	$31.74	$32.00	$32.00	1,760
2026-06-10	$31.14	$31.47	$31.10	$31.10	$31.10	1,214
2026-06-09	$31.39	$31.40	$31.25	$31.30	$31.30	1,659

#	Ticker	Name	Weight
1	ASML	ASML Holding N.V.	7.63%
2	NOVN	Novartis AG	5.59%
3	ROP	Roche Holding AG	5.40%
4	AZN	AstraZeneca PLC	5.09%
5	NESN	Nestle S.A.	4.74%
6	NOVO-B	Novo Nordisk A/S	3.75%
7	ABBN	ABB Ltd	3.41%
8	ALV	Allianz SE VNA O.N.	2.82%
9	SU	Schneider Electric S.E.	2.70%
10	ULVR	Unilever PLC	2.58%

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

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