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BMO Brookfield Global Real Estate Tech Fund ETF (TOWR) and Mackenzie Developed Markets Real Estate Index ETF (QRET) offer distinct profiles for Canadian ETF investors. A direct comparison shows that TOWR focuses its top 3 sector exposures on Real Estate, Communication Services, and Information Technology, while QRET leans towards Real Estate, Financials, and Consumer Discretionary. When evaluating costs, TOWR features a management fee (MER) of 0.8%, compared to 0.4% for QRET. Performance-wise, TOWR has returned 13.4% year-to-date with -$1 M in net flows, whereas QRET is at 9.36% with +$6 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
TOWR
QRET
| AuM | $2.83 M | $24.86 M |
| Management Fees | 0.80% | 0.40% |
| Exp. ratio | 0.89% | 0.45% |
| Tracking Difference | - | -0.59% |
Historical performance and flows
As of June 10, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TOWR | +0.46% | +8.05% | +13.40% | +10.68% | +28.97% |
QRET | +0.49% | +4.10% | +9.36% | +12.53% | +36.59% | |
| Flows | TOWR | +$0 M | +$0 M | -$1 M | -$2 M | -$37 M |
QRET | +$6 M | +$6 M | +$6 M | +$6 M | +$12 M |
TOWR vs QRET exposure
Countries
TOWR
USA
64.55%
United Kingdom
7.04%
Other
28.42%
QRET
USA
67.66%
Japan
9.12%
Other
23.22%
Sectors
TOWR
Real Estate
88.72%
Other
11.28%
QRET
Real Estate
94.21%
As of June 10, 2026
Top 10 Holdings
TOWR
EQUINIX INC COMMON STOCK REIT
10.19%
PROLOGIS REIT
9.65%
DIGITAL REALTY REIT
9.05%
AMERICAN TOWER CL A REIT
6.93%
CROWN CASTLE INTERNATIONAL
6.56%
IRON MOUNTAIN
6.37%
SBA COMMUNICATIONS
6.16%
TERRENO REALTY REIT
4.88%
TRITAX BIG BOX REIT
4.85%
GOODMAN GROUP CF
4.84%
QRET
WELLTOWER INC
6.29%
PROLOGIS REIT
5.55%
EQUINIX INC COMMON STOCK REIT
4.48%
AMERICAN TOWER CL A REIT
3.60%
DIGITAL REALTY REIT
2.91%
SIMON PROPERTY GROUP REIT
2.78%
REALTY INCOME REIT
2.49%
PUBLIC STORAGE REIT
2.01%
GOODMAN GROUP CF
1.79%
CBRE GROUP
1.78%
Diversification
TOWR
Total weight of top 10 holdings out of 25 total
69.48%
QRET
Total weight of top 10 holdings out of 320 total
33.69%
Characteristics
Compare
TOWR
QRET
| Provider | BMO | Mackenzie Investments |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive GBS Developed Markets Real Estate Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.53% | 2.71% |
| Meets ESG criteria | No | No |
| Inception Date | March 1, 2022 | September 24, 2020 |
Frequently asked questions about TOWR and QRET
Which ETF has performed better year to date: TOWR or QRET?
As of June 10, 2026, TOWR has returned 13.40% year to date, while QRET has returned 9.36%. TOWR is ahead on YTD performance.
Which ETF is larger by assets under management: TOWR or QRET?
As of June 10, 2026, TOWR manages $2.83 M in assets, while QRET manages $24.86 M. QRET is the larger fund by AUM.
How are TOWR and QRET managed?
TOWR is actively managed by BMO. It does not track an index. QRET is passively managed by Mackenzie Investments. It tracks the Solactive GBS Developed Markets Real Estate Net Total Return Index - CAD benchmark.
What sectors do TOWR and QRET emphasize?
TOWR is most exposed to Real Estate, Communication Services, and Information Technology. QRET is most exposed to Real Estate, Financials, and Consumer Discretionary.
Which ETF is attracting more investor flows: TOWR or QRET?
Year to date, TOWR has seen -$1.41 M in net flows, compared with +$6.17 M for QRET. QRET has attracted more net investor money so far.
How do the fees of TOWR and QRET compare?
TOWR has an expense ratio of 0.89%, while QRET has an expense ratio of 0.45%.
What are the top holdings of TOWR and QRET?
TOWR's largest holdings include EQUINIX INC COMMON STOCK REIT, PROLOGIS REIT, and DIGITAL REALTY REIT. QRET's top holdings include WELLTOWER INC, PROLOGIS REIT, and EQUINIX INC COMMON STOCK REIT.
Which ETF is more diversified: TOWR or QRET?
TOWR holds 23 securities, while QRET holds 297. On holdings count, QRET is the more diversified portfolio.
Recent articles about TOWR and QRET
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