BMO MSCI Europe High Quality (ZEQ.TO)

The majority of the securities are in Great Britain, Switzerland and Germany, and there are no problems with those economies. BREXIT is potentially a problem for the UK side, but the drop in the pound has really helped a number of the UK companies. The companies are multinationals, so you don’t have to worry about them in terms of BREXIT.

We are currently in a post financial crisis period, and a lot of investors are afraid of another financial crisis. This ETF gives you good exposure and is a reasonable holding.

He decided he wanted to get a toe hold in the European market. The big caveat on this is that there is talk of Britain exiting the EU, with the decision being made in June. Wait to see what happens there, because this could sell off at that time, giving you a better price.

This is 40% UK, 23% Switzerland and 9.5% Germany. They are in consumer staples, healthcare, consumer discretionary and industrial. It is in the kind of sectors that he likes in the countries that he likes.

The problem he has with this is that it is about 45% UK. He prefers something more European and less UK. Europe is a place to be. Quantitative easing will be different than ours, because they don’t have the same housing markets. There is always the issue of Mr. Putin, and he is a real wildcard in here. (See Top Picks.)

Analysts’ earnings growth estimates are down so this does not make sense now. This is a currency edged way to play Euro stocks. He bought it and sold too early. This is a great way to play it and he would step right in again when it got cheap again.