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Equity and Fixed Income Strategy - July 2022



While a North American recession is not a sure thing, the odds of this outcome are not trivial either. To try to quantify the odds, the BMO Nesbitt Burns Portfolio Advisory Team’s seven-variable model1 now shows a 45% chance of a U.S. recession in the next 12 months, which is a good proxy for Canada as well, and is in line with BMO Economics’ forecast for a North American recession. We were at around 30% just a few months back, so the trend has clearly deteriorated given the much more hawkish stance from Central Banks and the growth slowdown which is becoming clearer based on real world manufacturing survey data. Read more here.
 

BMO Exchange-Traded Funds


ETFs differ as they consist of a basket of securities which may hold stocks, bonds, or other assets such as commodities. The asset mix of an ETF generally aims to track the performance of an index or provide exposure to an asset class. You can maximize portfolio performance by matching investment needs with the right ETF investing strategy. The benefits of investing in ETFs include tax efficiency, liquidity, flexibility, diversification, transparency, and cost
cost effectiveness.

Daniel Stanley, Director - Institutional & Advisory, is one of BMO's very own Exchange Traded Fund Specialists. Daniel has over 20 years of experience in the capital markets industry includes positions in sales and investment management in Toronto and New York City. He provides his top ETF resources.

Additional Resources:

Hungry for Yield? BMO ETFs presents our top 5 picks yielding over 5% for investors who are looking for ideas to enhance the level of yield in their portfolios.