FRANKFURT (The Street) -- Now that the Greek debt crisis has subsided--at least for the time being--analysts expect European stocks will continue to outperform the U.S. market.

"The European stock markets are easily outperforming the U.S. this year," said Marc Chandler, the Global Head of Currency Strategy for Brown Brothers Harriman in New York. "QE [Qualitative Easing] in the U.S. is done. Investors are buying stocks in central bank stimulated economies."

While the Federal Reserve has ended its stimulus program -- and may soon boost interest rates -- the European Central Bank has launched its own bond-purchase program to support the region's economy. That has helped jump-start European stocks this year.

"The eurozone is the best bet for the fall and we've seen second-quarter earnings perform well, but the overhang is China," said Kevin Kelly, CIO of Recon Capital Partners. "In reality, we've seen more loan growth, consumer confidence, and unemployment falling," he said.

And even if Greece ends up leaving the eurozone, Europe's economy is strong enough to withstand such a disruption, said Paul Christopher, the Head Global Market Strategist of the Wells Fargo Investment Institute.

"We do not think a Greek exit, if it develops, will derail the [eurozone's economic] expansion, but it may temporarily dent sentiment," he said.

Although economic sanctions against Russia are hurting European trade, even that does not seem to worry the market.

So with Europe looking more positive, where should U.S. investors be putting their money?

Exchange traded funds, or ETFs, have been popular this year. Industry favorite WisdomTrees' Europe Hedged Equity Fund (HEDJ) - Get Report , with a year to date return of 14.18% is still doing well, but it is far from the only one.

iShares Currency Hedged MSCI Eurozone ETF (HEZU) - Get Report, made up of large and mid-cap companies across the European Union, has a 15.02% return for the year. iShares MSCI Denmark Capped (EDEN) - Get Report, a passive ETF consisting of stocks traded mostly on the Danish stock exchange, has a return so far this year of 21.45% and a whopping three-year return of 98.66%.

The dollar's surge against the euro, meanwhile, makes European stocks cheaper for American investors.

"A strong dollar environment means that European stocks are attractive but the euro is not," Chandler said. "This is why the hedged strategy is attractive right now. By buying the stock and selling the euro, you are actually not only covering the cost of the transaction but you are getting paid to do it."

Among big company stocks, Kelly thinks "Bayeris the perfect example of how large, blue-chip stocks are performing overseas and providing great value comparable to their American peers."

Among the reasons Kelly likes Bayer: "They are increasing their dividend, EBITDA grew by 33%, and their healthcare division's earnings grew 28%. Their healthcare division is focusing on heart disease, cancer, hematology and gynecology, and their blockbuster drugs showed significant sales growth over 40%."

Kelly also likes the banking sector. "Europe's financial firms' second quarter earnings averaged gains of 35% from a year earlier," he said. "The financials are one of the best sectors to look for opportunities as they are still trading at sovereign debt crisis levels."

"Our work points to Germany first," said Christopher, who also noted that he is "not put off by the miss on second-quarter eurozone GDP. Our models still like a stronger second-half of 2015." Christopher is also interested in "Spain and Ireland, for the momentum in their recoveries and the sentiment boost they should enjoy from optimism about a Greek deal."



Investments in the UK are also popular right now. "The UK is not completely insulated from euro issues but has shown resilience globally as they sport the best GDP growth of any of the developed world at 2.8%," said Kelly. "One of the highlights that came from the Bank of England's "Super Thursday" is that wage inflation came in higher than expected. That is great news for the economy and inflation targets."

Property is one of the country's hottest investments, attracting global attention right now. The Central London "City" commercial property market grew 12.48% over the last 12 months as of July.

In mid- August, the government moved ahead with selling its shares in the Kings Cross Central project, the largest city-center redevelopment project in Europe right now.

Even the now looming question of a so-called Brexit in 2016 does not dampen enthusiasm for either UK or Euro focused investing. "We think the Greek crisis reinforces the unity question throughout Europe, and the UK has a part in that as yet unfinished debate," said Christopher. He also noted that "rate hikes are likely to come in Britain long before the ECB even contemplates an end to easing."

One thing that will undoubtedly be true of American money looking for value abroad this fall, especially with the dramatic events in Asia. Euro stocks and other investments are likely to remain popular as well as earn profitable returns until at least the end of QE at the end of next year.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.