E255 – How Will Trump Tariffs Hit Tech?

As the world reacts to Trump’s tariffs, questions mount. In this episode, ETF Strategist Bipan Rai, Portfolio Manager Jeremy Yeung, and your host, Michelle Allen, explore what this could mean for supply chains and Tech.

Recorded live on Mon, Feb 3, 2025, at 11:00 AM, before Trump and Trudeau confirmed a 30-day moratorium on tariffs.

ETFs:

• BMO Global Equity Fund Active ETF Series (BGEQ)
• BMO Global Innovators Fund Active ETF Series (BGIN)
• BMO US High Dividend Covered Call Hedged to CAD ETF (ZWS)
• BMO Covered Call US Banks ETF (ZWK)
• BMO Covered Call Energy Fund - Series ETF (ZWEN)
• BMO Long Short US Equity ETF (ZLSU)
• BMO US Equity Buffer Hedged to CAD ETF – January (ZJAN)
• BMO S&P 500 Hedged to CAD Index ETF (ZUE)

ZLSU, total returns as of 2025/01/31: 1 yr: 34.67%, SI: 32.67%

Disclaimers:

The viewpoints expressed by the speakers represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time.

BMO Buffer ETFs seeks to provide income and appreciation that match the return of a Reference Index up to a cap (before fees, expenses and taxes), while providing a buffer against the first 15% (before fees, expenses and taxes) of a decrease in the Reference Index over a period of approximately one year, starting from the first business day of the stated outcome period.

An investor that purchases Units of a Structured Outcome ETF other than at starting NAV on the first day of a Target Outcome Period and/or sells Units of a Structured Outcome ETF prior to the end of a Target Outcome Period may experience results that are very different from the target outcomes sought by the Structured Outcome ETF for that Target Outcome Period. Both the cap and, where applicable, the buffer are fixed levels that are calculated in relation to the market price of the applicable Reference ETF and a Structured Outcome ETF’s NAV (as Structured herein) at the start of each Target Outcome Period. As the market price of the applicable Reference ETF and the Structured Outcome ETF’s NAV will change over the Target Outcome Period, an investor acquiring Units of a Structured Outcome ETF after the start of a Target Outcome Period will likely have a different return potential than an investor who purchased Units of a Structured Outcome ETF at the start of the Target Outcome Period. This is because while the cap and