Investing in Europe is not for the faint of heart at this point in time. The Greek bailout drama lingers and the future of the Eurozone is still uncertain. [Greece ETF Rallies on Bailout Speculation]

The fears of a European recession are not as intense as they were thanks to the ECB’s move to prop up distressed banks. Also, shares of multinational companies that are based in Europe but generate most of their revenue in other areas of the world  can help mitigate some risk of investing in Europe. Another way to mitigate risk and avoid intense volatility for a Europe focused investment is with an ETF.

The diversified portfolios and decent dividend yield are also attractive.

Various European-focused ETFs:

  • Vanguard European ETF (NYSEArca: VGK)
  • iShares EMU ETF (NYSEArca: EZU)
  • iShares MSCI Europe Financials Index (NYSEArca:EUFN)
  • iShares MSCI Germany Index (NYSEArca: EWG)
  • iShares MSCI France Index (NYSEArca: EWQ)
  • iShares MSCI Italy Index (NYSEArca: EWI)
  • PowerShares DB Italian Treasury Bond ETN (NYSEArca: ITLY)

Tisha Guerrero contributed to this article.