Investor's Business Daily and NorthCoast Asset Management team up to offer managed iShares ETF portfolios for retirees

GREENWICH, Conn., May 6, 2013 /PRNewswire/ -- NorthCoast Asset Management, LLC and Investor's Business Daily (IBD) today announced a licensing agreement that will provide for the launch of new separate account offerings called the NorthCoast Retirement Portfolios. These separate account offerings will be managed by NorthCoast, utilize iShares Exchange Traded Funds (ETFs), and be tracked in Investor's Business Daily® as a monthly report available to hundreds of thousands of investors.

The partnership is one of a kind as a money management firm, financial publication and an ETF sponsor team up to help investors with new tools as they enter or prepare for retirement.

The NorthCoast Retirement Portfolios will provide options for investors that will cover a broad range of retiree needs -- from income-production, to core strategies, to an aggressive growth option. The portfolios are low-cost, broadly diversified, and tactical to adjust to the changing market conditions.  Learn more at www.northcoastam.com. 

"NorthCoast and IBD have been working together for years to deliver unique and powerful investment products to individuals and institutions," said IBD Executive Editor Chris Gessel. "We're extremely pleased to welcome iShares to our team. These new portfolios will combine iShares outstanding family of funds with an advanced rules-based investment strategy that is simple to follow and implement."

"Investing in today's world is an active, dynamic process and many of the old ways of investing are not working any more. As the ETF industry leader, iShares has consistently driven innovation and provided easy access to markets for investors. The partnership with NorthCoast and IBD offers important solutions for retirement-focused investors, as well as advisors looking to outsource to managed ETF retirement portfolios," said Katharine Earhart, Director of the iShares Connect Program, which connects firms that manage ETF portfolios with advisors and other resources needed to grow their businesses.

NorthCoast's President & CEO, Dan Kraninger adds, "We are honored and thrilled to work with iShares and IBD.  Both are great companies to collaborate with as we look to serve the thousands of baby boomers who are retiring every day and need help preparing for a longer life and more financial complexity.  We believe these low-cost, middle of the fairway, strategies will serve this market well and become a staple in a retiree's portfolio."

About NorthCoast

NorthCoast Asset Management, LLC is an Investment Advisor registered with the SEC. Founded in 1988 and based in Greenwich, CT, NorthCoast specializes in quantitative research and managing rules-based investment programs for clients and institutions around the world.

About Investor's Business Daily

Investor's Business Daily®, its digital edition eIBD™, and the award-winning companion web site, Investors.com, are recognized worldwide for communicating information that empowers individual and professional investors with cutting-edge research, stock screens and ratings that can't be found anywhere else. Through unique proprietary screening criteria backed up by decades of market research, IBD's publications highlight stock winners and major market turns as they emerge. Founded in 1984 by leading investor William J O'Neil, IBD® has redefined the way news and financial data are presented. Investors.com, named one of the Forbes "Best of the Web", provides a suite of equally powerful tools and screens.

About iShares

iShares is a global product leader in Exchange Traded Funds with over 600 funds globally across equities, fixed income and commodities. Offered by BlackRock, the iShares Funds are bought and sold like common stocks on securities exchanges. The iShares Funds are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost, tax efficiency and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account. The iShares customer base consists of the institutional segment of pension plans and fund managers, as well as the retail segment of financial advisors and high net worth individuals.

SOURCE Investor's Business Daily