Dear Pat: I am looking for a “defensive” ETF that will be less volatile than the overall market. I’m thinking of the BMO Low Volatility Canadian Equity ETF. What do you think?

The BMO Low Volatility Canadian Equity ETF, $25.54, symbol ZLB on Toronto (Units outstanding: 25.6 million; Market cap: $653.8 million; www.etfs.bmo.com), provides exposure to a low beta weighted portfolio of Canadian stocks.

The ETF selects the 40 lowest beta stocks from the 100 largest and… Read More