Canadian energy stocks have thrived in this environment. Investors who want exposure to the surging oil and gas space should look to the BMO S&P/TSX Equal Weight Oil & Gas ETF (TSX:ZEO). This exchange-traded fund (ETF) is designed to replicate the performance of the Solactive Equal Weight Oil and Gas Index, net of expenses. Shares of this ETF have climbed 59% in 2021 as of mid-afternoon trading on October 29.
Investors should recognize the familiar faces that make up this top ETF. Some of the top holdings in the BMO S&P/TSX Equal Weight Oil and Gas ETF include Suncor, which is one of the largest integrated energy companies in Canada. Cenovus Energy and Imperial Oil come in at second and third in terms of weighting, all floating around the 11% mark. Rounding out the top five are Canadian Natural Resources and Tourmaline Oil.