Today is a historic one across the pond, as Britain has made â??Brexitâ?ť official by invoking a provision in European law known as Article 50.
Britainâ??s European Union (EU) ambassador formally triggered what is likely to be a two-year process of the United Kingdom extricating itself from membership in the European Union. And the Brits did it in characteristically subtle fashion by simply handing a letter to EU Council President Donald Tusk.
In comments following the official Article 50 trigger, Prime Minister Theresa May said that this was â??an historic moment from which there can be no turning back.â?ť
For investors here at home, the official Brexit trigger does have implications for specific exchange-traded funds (ETFs) pegged to Europe.
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.