I am a pretty big fan of ETF’s. I have held EFA over the last 4 years. If looking to add a little bit of Beta to your portfolio another way to invest in in Depository receipts Ex ADRE. Challenger here is you will ahve to pay commision each time you buy and sell.
Rather than simply focus on the sector or investment type you might also consider strategy. Market seems a little high at the moment so another idea might be to open an account with the minimum and dollar cost average into the fund over the next year or 2. This would help take some of the risk out of timing the market. By this I mean pick a fund and open it up with 5000k and then contribute 1K a month over the next 15 months.