Investors shunned U.S.-focused equity ETFs in 2015 and instead looked abroad for opportunities.
Only 24 percent of the $236 billion that flowed into U.S.-listed exchange-traded funds this year have gone to U.S. equity funds, according to XTF.com, an ETF research site. And according to one macro trader, that's still the best move for 2016.
"One of my big themes for 2016 is that German exporters are really going to outperform," said Boris Schlossberg, managing director at BK Asset Management. "They have a lot of tailwind behind them with the lower euro."
Specifically, Schlossberg sees potential in the Wisdom Tree German Hedged Equity ETF (DXGE). What makes this ETF particularly compelling to Schlossberg is the fact that the DXGE hedges out currency exposure.
"I not bullish on the euro, so I think this is a good trade," Schlossberg said Tuesday on CNBC's "Power Lunch."
From just a pure technical perspective, one trader who relies heavily on the charts sees promise in one beaten domestic play: biotech.
"It's outperforming the market in December," said Rich Ross, chief market technician at ISI. According to Ross, the heightened volatility in equities should drive investors into growth stocks and biotech in particular.