Thanks to diverging central bank policies, European stocks are currently a better relative value than their U.S. counterparts, said David Borden, managing partner of CCR Wealth.

"When you look at one economy that is tightening monetary policy and one that is loosening, we are going to go with the one we think is a little bit cheaper," said Borden.

The Federal Reserve is expected to build on its December interest rate hike while the European Central Bank has stated its plans to continue with its accommodative monetary policies. Borden said the result of the differing policies will weaken the euro and improve European exports.

"While there are some headwinds because of China, specifically, in Europe, overall we think the European economy is going to be strong, have a nice rebound and therefore bring up the stock market as well," said Borden.

Borden said he is long the Oakmark International Fund (OAKIX) to take advantage of his currency outlook. The fund, which garners a four-star rating from fund-tracker Morningstar, fell 3.8% in 2015. The Oakmark International fund has returned an average of 2.7% annually over the past five years, outpacing 90% of its Morningstar foreign large-cap fund peers.

"Oakmark has a great track record and they also have the ability to hedge or unhedge the currency, which I think is going to be very important going forward," said Borden.

Borden is also positive on the Oppenheimer International Small-Mid Company Fund (OSMYX) , which rose over 15% last year. The fund has returned an average of 9.5% annually over the past five years, beating 99% of its rivals in Morningstar's foreign small-cap and mid-cap growth category.

"We think for active management there is a lot of opportunity out there that they can go and find good quality companies that have a lot of upside potential over the next 12 to 18 months," said Borden.

Finally, despite his preference for foreign companies, Borden said he is not abandoning U.S. stocks and domestic equities still make up the bulk of his clients' portfolios.

"Overall, we still like the U.S., and particularly the mid-cap sector, which we think is not going to be quite as affected by the U.S. dollar over the next 12 months," said Borden.

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