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 $31.98 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: +3.53%, 1-year: +9.99%, 3-year annualised: +6.64%, 5-year annualised: +4.72%, 10-year annualised: +8.61%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.33, 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, 6.3%), Novartis AG (NOVN, 4.9%), AstraZeneca PLC (AZN, 4.7%), Roche Holding AG (ROP, 4.6%), Nestle S.A. (NESN, 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 (14.5%). 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 $315M 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 11.25% and a beta of 0.91 (roughly in line with the broad market). Its 3-year Sharpe ratio of 0.33 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
2026-07-20	$32.10	$32.10	$31.92	$31.98	$31.98	2,701
2026-07-17	$32.16	$32.20	$32.16	$32.17	$32.17	1,356
2026-07-16	$32.20	$32.36	$32.10	$32.28	$32.28	10,073
2026-07-15	$32.03	$32.22	$32.03	$32.19	$32.19	4,981
2026-07-14	$32.23	$32.23	$32.04	$32.05	$32.05	8,355
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

#	Ticker	Name	Weight
1	ASML	ASML Holding N.V.	6.27%
2	NOVN	Novartis AG	4.88%
3	AZN	AstraZeneca PLC	4.66%
4	ROP	Roche Holding AG	4.58%
5	NESN	Nestle S.A.	4.44%
6	NOVO-B	Novo Nordisk A/S	3.52%
7	ABBN	ABB Ltd	3.51%
8	ALV	Allianz SE VNA O.N.	2.82%
9	ULVR	Unilever PLC	2.81%
10	SU	Schneider Electric S.E.	2.78%

Sector	Weight
Industrials	25.05%
Healthcare	21.57%
Consumer Defensive	14.50%
Technology	12.86%
Consumer Cyclicals	9.86%
Financial Services	9.46%
Basic Materials	5.21%
Communication Services	1.13%
Utilities	0.36%
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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