Over the past several weeks, our ETF Talk segment has featured several European ETFs. One reason why is because I am bullish on this market segment. However, the Brexit situation does pose a few things to think about when assessing which European ETFs might be best.

To get a better sense of the pros and cons of European ETFs, I turned to my friend and colleague Tom Essaye of The Sevens Report. Tom is pretty much an expert at all things involving the markets, but he has a particularly interesting read on Europe. Like me, he’s bullish on the segment and for the same basic reasons.

First, there is compelling relative valuation in European equities vs. U.S. stocks. Second, there continues to be central bank support from the European Central Bank, which has pursued “easy” money polices compared to the Fed. Finally, the political risks of investing in Europe, in my view, have been far too overstated.