EWL gained 23.4% last year, but trailed the S&P Europe 350 Index. The First Trust Switzerland AlphaDEX Fund (NYSEArca: FSZ) gained more than 3% last week and like EWL, FSZ resides near record highs.
Like the other AlphaDEX ETFs from First Trust, FSZ is comprised of stocks that are ranked by a variety of growth and value factors including price appreciation value to price, cash flow to price and return on assets.
“While the SMI may have lagged some peers in rising to a record in recent years, it’s not the last to achieve it. France’s CAC 40 Index and benchmarks in peripheral markets such as Italy and Spain remain well below pre-crisis highs,” reports Bloomberg.
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