⁠E317 –⁠ SpaceX and Mega-IPOs: How Indices Are Adapting

From Nasdaq and FTSE Russell to MSCI, the rules governing index inclusion are being rewritten in real time. In this episode, Matt Montemurro joins hosts Zayla Saunders and Hilly Cutler to unpack where the guardrails are bending, what SpaceX’s landmark IPO means for passive investors—and why the index you own may determine the exposure you get. 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 Matt Montemurro, Head of Fixed Income and Equity Index ETFs at BMO GAM. Recorded live on Monday, June 8, 2026.

ETFs mentioned: · BMO NASDAQ 100 Equity Hedged to CAD Index ETF (ZQQ) · BMO NASDAQ 100 Equity Index ETF (ZNQ) · BMO MSCI USA Equal Weight Index ETF (ZEQL) · BMO MSCI USA Equal Weight Index ETF (Hedged Units) (ZEQL.F) · BMO MSCI USA Equal Weight Index ETF (USD Units) (ZEQL.U) · BMO Global Communications Index ETF (COMM) · BMO S&P 500 Index ETF (ZSP) · BMO S&P 500 Hedged to CAD Index ETF (ZUE) · BMO SPDR Communication Services Select Sector Index ETF (ZXLC) · BMO SPDR Communication Services Select Sector Index ETF (Hedged Units) (ZXLC.F)

Source: Morningstar Direct, as of June 8, 2026

IPO: Initial Public Offering Magnificent 7: A group of seven high‑performing U.S. technology and tech‑adjacent companies—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. Parabolic 7: A group of seven semiconductor, chip, and memory stocks riding the AI infrastructure boom. Coined by strategist Ben Emons, the term captures how their steep gains have largely outpaced the established “Magnificent 7” since 2026. The group includes Advanced Micro Devices (AMD), Broadcom (AVGO), Dell Technologies (DELL), Intel (INTC), Marvell (MRVL), Micron Technology (MU), and SanDisk (SNDK).

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