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 percent in 2015. The Oakmark International fund has returned an average of 2.7 percent annually over the past five years, outpacing 90 percent of its Morningstar foreign large cap fund peers.