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 $31.80 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: +2.95%, 1-year: +11.87%, 3-year annualised: +8.01%, 5-year annualised: +4.12%, 10-year annualised: +8.44%. 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, 5.4%), Novartis AG (NOVN, 4.9%), Roche Holding AG (ROP, 4.8%), Nestle S.A. (NESN, 4.4%), 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 (25.1%), Healthcare (21.6%), Consumer Defensive (14.7%). 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 $317M 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
2026-09-10	$31.98	$31.98	$31.79	$31.80	$31.80	1,225
2026-09-09	$32.29	$32.29	$31.92	$31.93	$31.93	9,467
2026-09-08	$32.52	$32.66	$32.43	$32.43	$32.43	11,700
2026-09-04	$32.81	$32.88	$32.65	$32.65	$32.65	4,800
2026-09-03	$32.75	$32.75	$32.71	$32.75	$32.75	4,076
2026-09-02	$32.53	$32.71	$32.53	$32.59	$32.59	20,932
2026-09-01	$32.70	$32.76	$32.51	$32.53	$32.53	7,683
2026-08-31	$33.13	$33.13	$32.75	$32.75	$32.75	5,106
2026-08-28	$33.25	$33.25	$33.11	$33.11	$33.11	2,794
2026-08-27	$33.14	$33.14	$33.11	$33.11	$33.11	2,601

#	Ticker	Name	Weight
1	ASML	ASML Holding N.V.	5.37%
2	NOVN	Novartis AG	4.93%
3	ROP	Roche Holding AG	4.79%
4	NESN	Nestle S.A.	4.41%
5	AZN	AstraZeneca PLC	4.37%
6	NOVO-B	Novo Nordisk A/S	3.71%
7	ABBN	ABB Ltd	3.20%
8	SAP	SAP SE	3.02%
9	ULVR	Unilever PLC	3.02%
10	ALV	Allianz SE VNA O.N.	3.00%

Sector	Weight
Industrials	25.10%
Healthcare	21.59%
Consumer Defensive	14.72%
Technology	12.41%
Financial Services	9.77%
Consumer Cyclicals	9.75%
Basic Materials	5.24%
Communication Services	1.03%
Utilities	0.37%
Real Estate	0.00%
Energy	0.00%

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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