Thursday ‘s ETF Action: European Excitement

While the Dow Jones Industrial Average was dragged lower by a sour earnings report out of International Business Machines (NYSE: IBM), the S&P 500 reached a new record high.

After the U.S. budget fiasco that highlighted partisanship on Capitol Hill and the ongoing threat to U.S. equities posed by the country’s own politicians, some investors may be inclined to devote capital to foreign stocks, say those in Europe. [New Germany ETF Comes to Town]

The “Buy Europe ETFs” trade was evident Thursday as five of the day’s 15 best non-leveraged ETFs were either single-country or diversified ETFs with heavy Europe exposure, according to WallachBeth Capital.