iShares MSCI Switzerland ETF (EWL)

Switzerland. He likes the currency play. Swiss currency is pegged to Euro. Switzerland is a very concentrated market, like Canada. 4 companies make up most of it. You are buying 4 stocks. It is a defensive holding.

(A Top Pick Dec 4/12. Up 26.48%.) Recently sold his holdings but would go back into it again down the road.

Swiss currency is one of the stronger currencies globally. If you believe that the euro zone is going to do all right, this will probably do okay. He would probably take Canada over this one.

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).

Has been very strong ranking in terms of all the countries. A well diversified little portfolio that is supported by a traditionally strong economy. It is a longer term investment, not a short term trade. It is soft pegged to the Euro.

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.

Plays into the theme of safety and delivering stable profits. Nestlé’s is one of the biggest positions. The 2 other biggest contributors are drug makers.