The author allocates 80% of their non-European-dividend pie to MEUD, a eurozone large-cap ETF, as part of reducing a heavily US-oriented portfolio. The rationale is geographic diversification, with no specific catalyst or risk stated.
The author allocates 20% of their non-European-dividend pie to Siemens as part of a deliberate shift away from a heavily US-oriented portfolio. The stated mechanism is geographic diversification rather than a company-specific catalyst, and no risk or time horizon is given.