That is not correct. Part of the listing standard for surface metal raceway is evaluation for use as an EGC. If it does not past that evaluation, it is not listed.
UL-5 Standard for Safety for Surface Metal Raceways, provides test currents that are based on the maximum permitted wire size for the size of the raceway. The surface metal raceway installed in accordance with the installation instructions must carry the prescribe test current for at least 3 seconds. The test current is 300 amps for 14AWG, 470 amps for 12 AWG, 750 amps for 10 AWG and 12,000 amps for 250kcmil.