BMO Equal Weight REITs Index ETF
BMQWF
Other OTC- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 King St. West, 43rd Floor Toronto ON Canada M5X 1A1
- IPO Date
- Jun 14, 2024
- Similar Companies
- Business
- BMO Equal Weight REITs Index ETF (ZRE.TO; OTC: BMQWF) is an exchange-traded fund that seeks to replicate, to the extent possible, the performance of the Solactive Equal Weight Canada REIT Index, net of expenses. The ETF provides exposure to a diversified portfolio of Canadian real estate investment trusts (REITs) listed on the Toronto Stock Exchange that meet minimum investability and liquidity requirements, including a market capitalization threshold of CAD 800 million, with each constituent security equally weighted to reduce concentration risk. Its portfolio allocation includes retail REITs (39.9%), multi-family residential REITs (26.1%), diversified REITs (9.6%), industrial REITs (9.3%), health care facilities (5.2%), office REITs (5.0%), and health care REITs (4.5%), with top holdings such as Slate Grocery REIT, Primaris REIT, and Chartwell Retirement Residences as of December 31, 2024. The fund distributes monthly payments comprising net income, return of capital, and realized capital gains, with a management expense ratio of 0.61% and assets under management of approximately CAD 549.4 million as of December 31, 2024. Managed and administered by BMO Asset Management Inc., an indirect wholly-owned subsidiary of Bank of Montreal and domiciled in Canada, the ETF trades on the Toronto Stock Exchange in Canadian dollars. Launched on May 19, 2010, and headquartered in Toronto, Ontario, at First Canadian Place, 100 King Street West, 43rd Floor, the ETF targets investors seeking equity growth through diversified Canadian REIT exposure and comfortable with medium-to-high risk. It primarily serves income-focused and growth-oriented investors in the real estate sector, with operations focused on the Canadian market. In recent years, the ETF underwent an index change on May 27, 2016, shifting from the Dow Jones Canada Select Equal Weight REIT Index to the Solactive Equal Weight Canada REIT Index to better align with its investment objectives, potentially impacting performance. BMO Asset Management, the ETF's manager, announced portfolio manager and sub-advisor changes for certain BMO ETFs, including ongoing oversight by BMO GAM professionals, as part of broader updates in October 2025. The firm also declared regular monthly cash distributions throughout 2024 and into 2025, such as CAD 0.09 per unit and USD equivalents for BMQWF, alongside estimated annual reinvested distributions in November 2025, reflecting steady income generation amid interest rate dynamics. On a corporate level, BMO agreed to acquire Burgundy Asset Management Ltd. in June 2025 for approximately CAD 27 billion in assets under management, expanding its wealth management capabilities, and transferred certain other BMO ETF series managed by ARK Investment Management to Cboe Canada in February 2025. These developments support enhanced distribution, product innovation, and operational efficiency for BMO's ETF lineup, including ZRE/BMQWF.