EWD Sweden index fund seems like good Euro buySweden is a great stable country, just like Switzerland. My bet is this plus the EWL (Switzerland) fund are great ETF investments for people looking to invest in Europe in one of the better countries.
Some commentary I found online recommending this fund:
https://stockgroup.canada.com/sn_newsreleases.asp?symbol=EWD&newsid=8413494
Commentary - April 13, 2007
The dollar fell again, which makes U.S. products more competitive. But that also means U.S. investors should invest offshore. You should remain fully invested, with approximately 50 percent of your portfolio allocated to our recommended global/international investments.
The U.S. stock market is still substantially undervalued at 29 percent. Stay close to our telephone/e-mail/website Hotline Updates.
Recommendations:
We recommend that you BUY the following ETF: iShares MSCI Sweden Index (NYSE: EWD)