The Euro zone indicated on Jul 25 that it could resort to new stimulus measures to boost its ailing economy as soon as in the September meeting. However, on Oct 31, Mario Draghi will step down as the ECB chief. Will this mean continuation of the easy money policy in the post-Draghi era?Policies to Remain LooseNick Kounis, head of financial markets research at ABN AMRO, expects the ECB to slash all its policy rates by 10 bps at the September meeting, followed by another 10 bps step at the December meeting. However, economists — according to the Bloomberg Poll — see a 10 bps cut in the deposit rate in September, but “no change in December.”The ECB’s likely next chief Christine Lagarde also hinted that she would stick to Mario Draghi’s expansionary monetary policy. On Aug 30, Lagarde noted that the European Central Bank (ECB) still has room to slash interest rates should the need be, although this may cause a financial stability risk.However, many ECB policymakers do not see any need for a package that includes the resumption of bond buying. But banks like Goldman Sachs, Nomura and ABN Amro foresee a new round of QE. Societe Generale sees the ECB cutting the deposit rate by 20 basis points to minus 0.6% and announcing that it’ll start buying 40 billion euros ($44 billion) a month of debt, per Bloomberg (read: ECB May Cut Rates in September: ETFs in Focus).While monetary stimulus is great for stocks, one of the biggest losers will be the euro. Talks of more monetary stimulus can cause Invesco CurrencyShares Euro Currency Trust FXE to tumble.Also, investors should be vigilant about the performance of the financial stocks. These stocks normally underperform in a low-rate environment. Though more stimulus means more activities in the economy and more dependence on financial institutions, low rates may compress banks’ net interest margin. This is why iShares MSCI Europe Financials ETF EUFN may suffer. Investors should note that EUFN lost about 33.2% in the past five years against a 45.8% surge in the S&P 500.Against this backdrop, below we highlight a few likely ETF winners, if the bank loosens monetary policy further.WinnersInternational TreasuryOn cues of more stimulus, the entire German bund curve yielded less than zero at August-end. Since yields and bond prices are inversely related, this fund iShares International Treasury Bond ETF IGOV (which has a sizable exposure to Europe), may gain if the ECB cuts rates further.Currency-Hedged Large-Cap StocksThe continuation of the low-rate policy and a weaker Euro should boost the currency-hedged Euro zone ETFs in the near term. iShares Currency Hedged MSCI Eurozone ETF HEZU and Xtrackers MSCI Eurozone Hedged Equity ETF DBEZ could thus be gainers.DividendAmid low rates, demand for high-yielding products should grow. So, investors can bet on ETFs like WisdomTree Europe SmallCap Dividend Fund (DFE), which yields about 4.23% annually (read: 5 Dividend ETFs to Play to Follow Goldman Sachs (Revised)).Small CapLow interest rates and stimulus may help the domestic-focused, small-cap ETFs to some extent. WisdomTree Europe Hedged SmallCap Equity Fund EUSC can thus benefit.Want key ETF info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WisdomTree Europe SmallCap Dividend Fund (DFE): ETF Research Reports Invesco CurrencyShares Euro Trust (FXE): ETF Research Reports Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ): ETF Research Reports WisdomTree Europe Hedged SmallCap Equity Fund (EUSC): ETF Research Reports iShares Currency Hedged MSCI Eurozone ETF (HEZU): ETF Research Reports iShares MSCI Europe Financials ETF (EUFN): ETF Research Reports iShares International Treasury Bond ETF (IGOV): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report