<p>Inflation remains an important consideration in portfolio construction, particularly as diversification within traditional financial assets can be less reliable across market environments. In this episode, special guest Brock Smusiak joins hosts Zayla Saunders and Hilly Cutler to discuss how ETFs across commodities, gold and inflation-linked bonds can help address portfolio risks within that broader context.</p><p>Zayla Saunders is Vice President of ETF Online Distribution at BMO Global Asset Management (BMO GAM) and Hilly Cutler is Director of Portfolio Consulting and Senior Portfolio Consultant at BMO GAM. They are joined by Brock Smusiak, Director, ETF Consultant at BMO GAM. This episode was recorded live on June 22, 2026.</p><p> </p><p><strong>ETFs mentioned:</strong></p><p>· <a href="https://www.bmogam.com/ca-en/products/exchange-traded-fund/bmo-msci-eafe-index-etf-zea/" target="_blank" rel="ugc noopener noreferrer">BMO MSCI EAFE Index ETF (Ticker: ZEA)</a> </p><p>· <a href="https://www.bmogam.com/ca-en/products/exchange-traded-fund/bmo-short-term-us-tips-index-etf-ztip/#fundUrl=%2FfundProfile%2FZTIP.F" target="_blank" rel="ugc noopener noreferrer">BMO Short-Term US TIPS Index ETF (Ticker: ZTIP)</a></p><p>· <a href="https://www.bmogam.com/ca-en/products/exchange-traded-fund/bmo-broad-commodity-etf-zcom/" target="_blank" rel="ugc noopener noreferrer">BMO Broad Commodity ETF (Ticker: ZCOM)</a> </p><p><br /></p><p><strong>Sources:</strong></p><p>· ‘<a href="https://bmogam.com/ca-en/insights/inflation-toolkit-five-ways-to-protect-your-portfolio-from-rising-consumer-prices" target="_blank" rel="ugc noopener noreferrer">Inflation Toolkit: Five Ways to Protect Your Portfolio from Rising Consumer Prices</a>’ – Brock Smusiak, Director, ETF Consultant, BMO GAM</p><p>· Morningstar Direct, BMO Global Asset Management as at June 19, 2026</p><p>· Canadian ETF Weekly Recap | CIBC, Jennifer Li - June 22, 2026</p><p>· <a href="https://www.ssga.com/library-content/assets/pdf/north-america/equities/2026/spdr-etf-impact-report-2026.pdf" target="_blank" rel="ugc noopener noreferrer">ETF Impact Report 2026–2027</a>, State Street Investment Management</p><p>· ‘<a href="https://www1.advisoranalyst.com/featured/commodities-reconsidered-from-tactical-trade-to-structural-allocation/" target="_blank" rel="ugc noopener noreferrer">Commodities, Reconsidered: From Tactical Trade to Structural Allocation</a>’ | <em>Advisor Analyst</em> – Bipan Rai, Managing Director, Head of ETF &amp; Alternatives Strategy, BMO GAM</p><p><br /></p><p><strong>AUM:</strong> Assets Under Management </p><p><strong>CPI: </strong>Consumer Price Index<strong> </strong></p><p><strong>GFC: </strong>Global Financial Crisis</p><p><strong>TIPS: </strong>Treasury Inflation-Protected Securities</p><p><strong>Real Return Bond (RRB): </strong>A government bond whose principal and interest payments are adjusted for inflation, so the return you earn is protected against rising prices.</p><p><br /></p><p><strong>Disclaimers:</strong></p><p><strong></strong><a href="https://www.bmogam.com/ca-en/products/exchange-traded-funds/find-an-etf/" target="_blank" rel="ugc noopener noreferrer">Please visit for full disclaimers</a><strong></strong></p><p>This podcast is for information purposes. The viewpoints expressed by the speakers represent their assessment of the markets at the time of recording. Those views are subject to change without notice at any time. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to anycircumstance.  </p><p>Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statementsare not guarantees of performance. They involve risks, uncertainties and assumptions. Although such statements are based on assumptions that are believed to be reasonable, there can be no assurance that actual results will not differ materially from expectations. Investors are cautioned not to rely unduly on any forward-looking statements. In connection with any forward-looking statements, investors should carefully consider the areas of risk described in the most recent prospectus.</p><p>For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the BMO ETF’s prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.</p><p>This communication may contain links to other sites that BMO Global Asset Management does not own or operate. Any content from or links to a third-party website are not reviewed or endorsed by us. You use any external websites or third-party content at your own risk. Accordingly, we disclaim any responsibility for them.</p><p>BMO ETFs are managed by BMO Asset Management Inc., an investment fund manager, a portfolio manager, and a separate legal entity from Bank of Montreal. </p><p>BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate.</p><p>“BMO (M-bar roundel symbol)” is a registered trademark of Bank of Montreal, used under licence.</p>