The best investment opportunity in 35 years is available now to US investors, a partner at Jeremy Grantham’s GMO says. He explains why 2 sectors show the highest expected returns

• Investors can benefit from the strong dollar by targeting cheaper foreign markets.
• Foreign currencies are relatively cheap, creating a significant opportunity for asset allocation.
• Investors can seek mutual funds and exchange-traded funds (ETFs) focused on foreign sectors.

A strong dollar is great when you’re vacationing in Europe because your money goes a long way. But bargains in foreign goods and services aren’t the only perk: investors, too, can pick up bargains if they know where to look.