Here are Bank of America's best contrarian trades for July
Large-cap U.K. stocks have good exposure to faster-growing emerging markets, have a defensive tilt, and are trading at attractive valuations.
European hope springs eternal, but the problems there are far from solved.
Greece, Portugal, and euro woes may tempt contrarians, but issues abound.
Vanguard FTSE Europe ETF is one of the cheapest and best-diversified funds in the category, but performance has been middling.