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 $32.87 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: +6.41%, 1-year: +13.94%, 3-year annualised: +8.73%, 5-year annualised: +4.43%, 10-year annualised: +8.67%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.30, 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 2.89%, 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%), Nestle S.A. (NESN, 4.7%), Roche Holding AG (ROP, 4.6%), AstraZeneca PLC (AZN, 4.4%) — 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 (24.3%), Healthcare (22.0%), Consumer Defensive (15.3%). 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 $321M 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 10.63% and a beta of 0.91 (roughly in line with the broad market). Its 3-year Sharpe ratio of 0.30 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
2026-08-20	$33.16	$33.16	$32.80	$32.87	$32.87	5,615
2026-08-19	$32.91	$32.96	$32.88	$32.94	$32.94	12,903
2026-08-18	$32.70	$33.01	$32.70	$33.01	$33.01	475
2026-08-17	$32.92	$33.10	$32.92	$33.02	$33.02	3,233
2026-08-14	$33.09	$33.22	$33.08	$33.22	$33.22	664
2026-08-13	$33.21	$33.27	$33.21	$33.26	$33.26	856
2026-08-12	$33.29	$33.33	$33.14	$33.33	$33.33	4,728
2026-08-11	$33.39	$33.39	$33.29	$33.30	$33.30	3,093
2026-08-10	$33.50	$33.50	$33.30	$33.35	$33.35	2,714
2026-08-07	$33.34	$33.34	$33.34	$33.34	$33.34	316

#	Ticker	Name	Weight
1	ASML	ASML Holding N.V.	6.05%
2	NOVN	Novartis AG	4.93%
3	NESN	Nestle S.A.	4.70%
4	ROP	Roche Holding AG	4.58%
5	AZN	AstraZeneca PLC	4.42%
6	NOVO-B	Novo Nordisk A/S	3.88%
7	ABBN	ABB Ltd	3.28%
8	ULVR	Unilever PLC	2.99%
9	ALV	Allianz SE VNA O.N.	2.98%
10	RR	Rolls-Royce Holdings PLC	2.85%

Sector	Weight
Industrials	24.26%
Healthcare	22.02%
Consumer Defensive	15.32%
Technology	12.05%
Financial Services	9.94%
Consumer Cyclicals	9.75%
Basic Materials	5.18%
Communication Services	1.07%
Utilities	0.39%
Real Estate	0.00%
Energy	0.00%

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XRPP-B	Purpose Investments Inc - Purpose XRP ETF	$5.64	+15.57%
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XRPP		$5.38	+15.34%
MSTU		$4.76	+15.25%

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

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Frequently Asked Questions — ZEQ