BMO Monthly Income ETF (ZMI.TO) Buy, Sell or…

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BMO Monthly Income ETF (ZMI.TO)

20.16

+0.11 (0.55%)

as of Jul 3, 2026, 7:59:30 pm Market Open.

37 watching

Investor Insights

Jul 4, 2026, 12:00 am

This summary was created by AI, based on 2 opinions in the last 12 months.

The BMO Monthly Income ETF (ZMI) is viewed favorably by experts who appreciate its diversified portfolio and long-term growth potential. One expert emphasizes that while ZMI carries more equity market risk and volatility compared to alternatives like ZST, its performance is expected to surpass such options in the long run. In contrast to corporate bonds, exemplified by CACB, ZMI offers a blend of stocks with covered calls, high dividends, and fixed income, making it a more attractive choice in the current market. The equity component is seen as particularly valuable into 2026, as it positions investors for potential growth and income generation. Overall, ZMI is recognized for its dynamic approach to income generation amidst fluctuating market conditions.

Consensus

Favorable

Valuation

Fair Value

Similar

iShares, XEI

BUY

Prefers it to ZST. ZMI has equity market risk and more volatility, but long run will outperform.

BUY

ZMI vs. CACB corporate bond

ZMI gives more more diversified exposure (stocks with covered calls, high dividends, prefs, fixed incomes). CACB is corporate bonds, which he doesn't recommend now. The equity component of ZMI gives value for 2026.

HOLD

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

The fund owns a mix of global bonds and stocks, with 57% equity exposure and 40% US exposure. It also owns 10% cash. While certainly not risk free, it is a well-balanced ETF paying a 4.75% dividend and we would consider it fairly conservative.
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BUY

Quality product that is good for many investors. Has a nicely balanced asset base. Good for income seekers as well. Would recommend buying.

BUY

Good for defensive investors. Safe dividends. Very low management fee. Good for RRSP. Includes equity growth in this product as well.

BUY

Caller is over 70 It holds bonds and stocks 50/50. ZMI is a good ETF. Conservative and diversified, suitable for older investors.

DON'T BUY

The bond markets are impaired and will be for a while. Low interest rates are here to stay. Income focused ETFs with exposure to bonds will not return 4-5%. Are you getting return of capital or yield? Must look into the structure where the returns are coming from. Both are similar. Both ZMI and XTR give you exposure to diversified income. All fixed income has negative return after inflation.

BUY

[As sole holding]. It is a yield focused balanced fund made up of a bunch of ETFs that are more yield-centric. The only criticism is that there is probably too much exposure to Canada. When it is in a registered account then you don’t get the benefit of the dividend tax credit. Making it the only holding in an account there is 'manager risk' and perhaps there is too much concentration in Canada if it is in a registered account. Otherwise it is not a bad idea.

BUY

For an RRSP? Yes, it's a good product. For an RRSP, yes, it's a good idea, but you can also hold it in a taxable account just as well.

BUY

Likes it. It's a one-ticket solution to get a full portfolio that pays a little yield; an active ETF constructed from other BMO ETFs, an ETF of ETFs. This has been around for a while. It's a good, conservative pick. Tip: Compare ZMI to VCIP and see which one you prefer.

COMMENT

ZMI vs. ZZZD ZMI is a balanced income-focused ETF. ZZZD is his own ETF that he manages--a sleep-at-night global dividend ETF. ZMI is a lot more fixed income (to preserve capital) and is far more passively managed vs. ZZZD which is active, hence riskier. Very different focuses, but both generate a lot of income.

BUY

An active ETF that's a safe dividend payer? Be defensive late in the cycle now. There are many, many ways to play this, but he'll suggest ZZZD which he manages, or particularly ZMI.

COMMENT

A safe monthly income for a retiree without the worry about market swings? On any monthly income vehicle, you have to be very careful. If this had existed in 2008, it would’ve dropped about 20%-25%. Also, make sure it is run by a real well-run ETF provider and make sure you look at what is underneath it all.

BUY

Canada is likely to underperform for the next 5 years compared to the global market so you have to diversify. Just this one is not enough.

COMMENT

This was a little bit controversial because it was including a lot of “return of capital” rather than “return on capital” because of some of the investments they had. They have changed this in the last few months so it is a more straightforward ETF. Nothing wrong with it. It has a whole bunch of different products in it and now it is fine.

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BMO Monthly Income ETF (ZMI.TO) Frequently Asked Questions

What is BMO Monthly Income ETF stock symbol?

BMO Monthly Income ETF is a Canadian stock, trading under the symbol ZMI.TO (previously ZMI-T on Stockchase) on the Toronto Stock Exchange (ZMI-CT). It is usually referred to as TSX:ZMI or ZMI.TO

Is BMO Monthly Income ETF a buy or a sell?

In the last year, 2 stock analysts issued a Buy, Sell, or Hold rating on ZMI.TO (previously ZMI-T on Stockchase). 2 analysts recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is . Read the latest stock experts' ratings for BMO Monthly Income ETF.

Is BMO Monthly Income ETF a good investment or a top pick?

BMO Monthly Income ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for BMO Monthly Income ETF.

Why is BMO Monthly Income ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for BMO Monthly Income ETF.

Is BMO Monthly Income ETF worth watching?

BMO Monthly Income ETF is followed by 37 investors on Stockchase and is a trending stock that is worth watching.

What is BMO Monthly Income ETF stock price?

On 2026-07-03, BMO Monthly Income ETF (ZMI.TO) stock closed at a price of $20.16.

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BMO Monthly Income ETF (ZMI.TO)