This Week in ETFs: From January 19-23

U.S. FINANCIALS ARE IN THE SWEET SPOT

We’re witnessing a rotation into cyclicals in general, with more flows positioning for growth — but gains may prove uneven. Take a deep dive into the methodology behind our earnings expectations for U.S. sectors, and find out where optimism looks stretched and which sectors are positioned to outperform.

Also discover our full U.S. sector breakdown in the January 2026 report:

MACRO ANALYSIS | SECTORS REPORT

Q1 PORTFOLIO STRATEGY

Fundamentals remain solid and investors are still making money — but valuations are high and tension is everywhere. Welcome to a late-cycle market confronting macro volatility.

See below for our Q1 BMO ETFs model portfolios for balanced, income and tax efficiency-focused clients:

BALANCED PORTFOLIO

LISTEN! CREDIT MARKET OUTLOOK

Multiple geopolitical shocks have confronted credit markets to start the year. Bipan Rai is joined by Vishang Chawla, active fixed income portfolio manager at BMO Global Asset Management, to discuss how credit markets are responding, and what could drive yields through 2026.

Listen & subscribe to the podcast — and read Bipan’s daily blog, Basis Points:

Open Outcry E27: Credit Market Positioning | Read Basis Points blog

Subscribe to BMO ETFs: Views from the Desk on your preferred podcast platform:

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