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Low volatility ETFs: Review of the concept and of two popular ETFs ZLU and ZLB from BMOInternational Equity Funds. Emerging Markets Equity Funds. Cash/Receivables/Payables. Total portfolio allocation. BMO CONSERVATIVE ETF. The BMO ETF Portfolios returned positive performance over the quarter, with the higher equity-weighted portfolios outperforming those with a higher fixed income. BMO Conservative ETF Portfolio Advisor. Register to unlock ratings. Performance; Analysis; Sustainability; Risk; Price; Portfolio.