Keith Richards iShares MSCI Germany ETF EWG-N TOP PICK Jul 16, 2019

Tracks German market. He doesn’t buy European blue chips right now. These stocks trade in Euros, so depending on where the Euro is this may not do well.

Whenever he invests in Europe, he is always disappointed. It never seems to make an awful lot of money. However, he wouldn’t have a problem going into Germany. They do have a refugee problem which is creating a lot of difficulty. You could go into this, but don’t go in too heavily.

His 1^st recommendation would be to not buy Index ETF’s. He doesn’t know why this index should reflect Germany’s economy. Indices are not countries. He doesn't owns any companies in Germany right now because he has concerns about the euro.

Has been a fan of Germany for most of the year. Wouldn’t be surprised if there was a little consolidation here, but a break out from here is very positive. This is a growth driver of Europe. ECB is not going too far too fast, and a rate hike expectation is a couple of years out.

For single country exposure he likes it. There is not a single play on German in Canada yet. FLGR-N is a non actively managed ETF and he prefers it because active managers in Germany are going to have a hard time outperforming the index.

(A Top Pick October 10/17 Down 11%). He stepped out of this back in January. He saw it as the economic engine of Europe, but found that it has suffered from tariff concerns. He would prefer to invest in France at the moment.

Whatever happens in the US affects the rest of the world. He wouldn't recommend emerging markets, as they tend to underperform if/when there's a recession. 

Investors would be better off buying the best companies in the German market, rather than the whole German market. Germany's the 4th-largest economy in the world, but it's had a bunch of issues with its own deficit and economic slowdown. He owns specific stocks in Europe.