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BMO Equal Weight REITs ETF ZRE ETF Analysis

Morningstar Medalist Rating
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Morningstar’s Analysis ZRE

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.

All in on Canadian REITs.

Analyst Ryan Jackson

Ryan Jackson

Analyst

Summary

BMO Equal Weight REITs ETF exclusively targets Canadian REITs, leaving it with fewer opportunities than most Morningstar Category peers and its Morningstar Developed Markets REIT Index category benchmark. Equal weighting introduces a small-value tilt and eases firm-specific risk, but the compact Canadian REIT market makes this a concentrated portfolio anyway.

by Ryan Jackson
Rated on Published on

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