Japan, Europe hold 'awesome' opportunities: Expert

Bullish on Europe and Japan: Pro

Japanese and European stocks look appealing amid a stronger U.S. dollar and domestic monetary policy that boosts equities, one wealth manager said Wednesday.

A businessman passes before a share prices board in Tokyo on July 14, 2015.
Yoshikazu Tsuno | AFP | Getty Images

The dollar has risen about 10 percent and 3 percent against the euro and yen, respectively, this year. With the Bank of Japan and European Central Bank propping up equities with easy policy, their markets look primed to post bigger gains than U.S. stocks, said Jeff Carbone, founder and senior partner at Cornerstone Financial Partners.

"We're seeing awesome opportunities in Japan and Europe," he said in a CNBC "Power Lunch" interview.

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Japan's Nikkei has climbed about 18 percent this year. The STOXX 600 ETF, which tracks a broad range of European stocks, has jumped more than 16 percent this year.

European fundamentals are "driving upwards," added Ben Mandel, a global strategist at JPMorgan. He sees Europe as a strong investing play especially as it receives a tailwind from a "relatively weak euro."