10 Great Diversified Europe ETFs

First Trust Europe AlphaDEX Fund (NYSEArca: FEP)

YTD: 24.2%

Comment: FEP is the smart beta member of this list as the ETF’s 202 holdings are selected based “on growth factors including 3-, 6- and 12-month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets,” according to First Trust.

Although FEP does not get a lot of press, the ETF is not small with $317.1 million in assets s under management. More importantly, FEP is truly diversified as it offers decent exposure to the U.K., Switzerland, Nordic countries and the Eurozone.