Stock price when the opinion was issued
XEH vs. XEU European valuations are much more attractive than US ones. Both are great for broad-based European exposure. Look at EUFN to supplement your core holding, a good value play. Very difficult to make an assessment of the Euro to the CAD. Both are around fair value now. He'd lean to the hedged version, XEH. The EM currencies provide the most attractive value right now so, if your risk tolerance allows, he'd look at those equities and unhedge that currency versus the CAD.
This is a play on the improving economic situation in Europe. Europe is trading at cheaper multiples at around 14X, versus the S&P at around 18X. It is a play on global growth and currency hedged. He likes the 20% weighting in financials. It currently pays a nice dividend at about 3.5%.