Stock price when the opinion was issued
He does think that Europe will start to come back and, some interesting things could happen there. Obviously Switzerland is part of that. This one has done very well, partly because it is dominated by Nestlé (17.2%). Not really a cyclical index. Doesn’t think anything will go wrong with this, but thinks you will do better to look at something like the S&P 500 Value (IVE-N).
If you want to be in Europe, you are better to play the euro through iShares S&P Europe 350 (IEV-N). The trouble with the Swiss ETF is that it is going to be dominated by Nestlé.