“We expect greater yield rises in the U.S. than in the eurozone and see the U.S. dollar strengthening gradually against the euro,” according to BlackRock.

Investors who believe the euro currency could weaken after its recent rally and are bullish on the broader Eurozone can turn to the Deutsche X-trackers MSCI EMU Hedged Equity ETF (NYSEArca: DBEZ), iShares Currency Hedged MSCI EMU ETF (NYSEArca: HEZU) and WisdomTree Europe Hedged Equity Fund (NYSEArca: HEDJ). These currency-hedged Europe ETFs may outperform non-hedged Europe funds if the euro depreciates against the U.S. dollar.

Additionally, investors may also find opportunity in the rebounding emerging markets.

“We also like emerging market (EM) equities on economic reform momentum, improving cash flows and reasonable valuations,” according to the BlackRock strategists. “We do not see a modestly stronger U.S. dollar undermining the investment case for EM, but acknowledge the risk of a China growth slowdown if Beijing were to step up its reform agenda.”

For broad emerging market exposure, investors can look to options like the iShares Core MSCI Emerging Markets ETF (NYSEArca: IEMG) and the Vanguard FTSE Emerging Markets ETF (NYSEArca: VWO).

For more information on international markets, visit our global ETFs category.