You are in Europe yourself I take it? In the Eurozone? I'd forget bonds personally. With negative real interest rates, bonds are just the safest way to lose mo

You are in Europe yourself I take it? In the Eurozone? I'd forget bonds personally. With negative real interest rates, bonds are just the safest way to lose money slowly. You mention elsewhere you want to avoid currency risk in an ETF. You won't be able do that completely, but to keep it to a minimum you'd need an ETF composed of smaller European companies which have less of an international presence. I'm unexpectedly in the market for a good European ETF myself as the provider of the two I currently hold (iShares) have just announced they're both being delisted, so I'll have to sell those and re-buy something else, with all the cost and risk that entails, which is pretty annoying. I'm currently considering the "iShares Core MSCI EMU UCITS ETF", which tracks 252 Eurozone companies, but again, these are generally big multinational companies so you're not really protected from currency risk.