I do not necessarily think that the dollar will weaken against the Euro any time soon. I am leaning towards closed-end equity funds invested in European stocks. The weak currency could help their corporate revenues and perhaps longer term the Euro might strengthen given European productivity increases sufficiently. It is improving, but slowly. I am no economist, but I could write a book on unproductivity in Germany having lived there for 4 years and had 250 German workers in my organization.
Whatever you find out on the credit of the DSF portfolio, I would be interested in so a post here would be appreciated.