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BMO Long Short Canadian Equity ETFZLSC.TOBUYMar 02, 2026Stock price when the opinion was issued
A liquid, alternative ETF that runs a long-short Canadian equity strategy. Tries to generate equity-like returns but with lower market exposure than a traditional 60/40 long fund. Great diversifier alongside long-only portfolios.
Challenge is that volatility of these ETFs can be quite low. Good for risk management.
BMO finds the best names in Canada or US on their buy side and some names they don't like on the sell side. On average, it's net long 50% with lower risk than the markets and lower volatility by holding cash or shorting. He likes both a lot. Are more defensive. In a recession, it goes down less than the market.