Daniel Straus iShares MSCI Europe IMI Index ETF (CAD-Hedged) XEH-T PAST TOP PICK Nov 23, 2017

Europe. It is very low in fee and offers exposure to thousands of European companies, 25% UK. HXX-T would offer no UK weight if you wanted that. You can take profits in the Euro by moving into this. It is prudent to have SOME UK exposure no matter what.

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%.

Good, but he wouldn't hedge the CAD. For instance, he likes the Euro, so buy an ETF exposed to the Euro.

(A Top Pick July 28/17 - Up 4%). Italy spoiled it. An area of the world that has underperformed for a long time. Earnings are doing well. This is not an if thesis but rather a when.

(A Top Pick July 28/17 - Up 5%) Still cheap. Earnings are doing fine. It is a matter of when rather than if for Europe to go higher.

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.

A good way to play Europe's big 50 stocks. But he's only lost money in Europe because of their politics and staunch unions.