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Opinion for BMO Equal Weight Bank ETF (ZEB-T)

Signal Price Bias Subject Owned

This ETF or individual banks?Seasonal patterns tell us that we are likely going to have strong markets in the last few months of the year. This ETF allows you to purchase a basket of the 6 Canadian banks, which gives you an equal weight in one shot. You are paying 62 basis points, but it does give you a diversified mix. You might want to consider the BMO Equal Weight US Banks (ZBK-T), which he likes for its leverage. Interest rates are moving higher and faster in the US, in an economy that is a little more on solid footing going forward. Canadian banks are fairly valued at this point but there is still runway for growth.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod

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