By exclusively targeting Canadian REITs, BMO Equal Weight REITs ETF has a limited opportunity set compared with its category peers. Its equal-weight approach helps reduce firm-specific risk, but the compact Canadian REIT market makes this a concentrated offering anyway. It earns a Morningstar Analyst Rating of Neutral despite an attractive expense ratio.
BMO Equal Weight REITs ETF ZRE
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will ZRE outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ZRE’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the ZRE management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of ZRE’s parent organization’s priorities and whether they’re in line with investors’ interests.
Set back by a narrow scope.
