NorthCoast Asset Management introduces four international ETF strategies

Global Select, International Select, International Select Hedged and Emerging Market Select are the newest offerings by NorthCoast and the firm is excited about the opportunity and timing.  

“International equities have been a long-standing research focus of NorthCoast and with the recent underperformance in international markets over the last few years, we believe now is a great time to offer these solutions to investors.” –Dan Kraninger, NorthCoast President  & CEO

Global Select, International Select, International Select Hedged and Emerging Market Select are the newest offerings by NorthCoast and the firm is excited about the opportunity and timing.  

“In the short run, the market is a voting machine but in the long run, it is a weighing machine.”  

– Ben Graham

 Uncertainty and surprise lead today’s market volatility

U.S. futures were pointed lower this morning and U.S. equity markets are expected to move in volatile action today as a result of the U.S. presidential election. In our position, last night’s election results do not indicate any substantial change of equity outlook in the near term.

With the current available data, the probability of a rate hike in September is low. The market is currently pricing a 26% chance of a hike in September, 32% in November and 52% in December.   

What happened?

Great Britain voted by referendum yesterday to leave the European Union. British Prime Minister David Cameron gave notice of his resignation effective in three months.

What is the European Union?