When investing in European ETFs, one analyst recommends looking into products with diversified portfolios.
Todd Rosenbluth, S&P Capital IQ's director of ETF and mutual fund research, told CNBC's "Power Lunch" on Monday that the popular European ETF, Wisdom Tree Europe Hedged Equity Fund, may not be a smart investment move.
"When we look at the hedge product from Wisdom Tree, we think the stocks inside are overvalued," he said. "It's heavily laden with consumer staples companies that are seeing slow growth, slower growth than they have seen historically, and the costs are hurting them as the dollar strengthens."
Rosenbluth specifically mentioned Anheuser-Busch InBev.