Arrow Investment Advisors, the advisor to Arrow Funds, continues to build out its ArrowShares exchange traded product lineup with the launch of its first active ETF.
The firm today introduced the Arrow DWA Tactical ETF to provide exchange traded access to Dorsey Wright and Associates’ proprietary Relative Strength Global Macro strategy.
"Since Arrow’s beginning, we have been committed to offering targeted portfolio solutions for ever-changing market conditions," says Joseph Barrato, CEO and Director of Investment Strategy at Arrow Investment Advisors. "With our latest ETF launch, we are pleased to offer a core holding for advisors who may wish to add a tactical element to a strategic investment portfolio."
The fund benefits from the research expertise of Dorsey Wright and Associates, leaders in technical analysis for over 25 years. Global macro strategies generally look at the big picture of macroeconomics across global asset classes, in this case, from a relative strength basis.
Based on the DWA RS Global Macro strategy, the Arrow DWA Tactical ETF (NASDAQ: DWAT) seeks to systematically identify and provide exposure to leading global market strategies across U.S. equities, international equities, fixed income, commodities and currencies. The fund can also invest up to 30% in inverse U.S. equity exposure in the event of a prolonged market drawdown.
"The DWA RS Global Macro strategy has the ability to invest in strategies that are demonstrating positive relative strength across various asset classes and market segments," states Tom Dorsey, President of Dorsey Wright and Associates. "We are pleased to partner with ArrowShares to provide access to this rules-based strategy through an ETF that is based on technical analysis, which draws on the foundation of basic economics and the irrefutable law of supply and demand."
While the Arrow DWA Tactical ETF is Arrow’s first actively managed ETF, the fund represents the second in the ArrowShares lineup. Arrow’s flagship ETF, the Arrow Dow Jones Global Yield ETF (NYSE: GYLD), has been well-received by the marketplace, garnering nearly $200 million in assets since its launch in May 2012.
"We are excited about our plans to grow the ArrowShares exchange traded product line," states Barrato. "Having received SEC exemptive relief for both passive and active strategies, as well as self-indexing capabilities, we are in a unique position to bring innovative products to market to meet the needs of today’s investors."
About Arrow Investment Advisors: Arrow Investment Advisors, LLC, the advisor to Arrow Funds and ArrowShares, is an investment management firm dedicated to providing investment solutions, education, and research to financial intermediaries and their clients. Arrow identifies and develops investment products that seek to enhance returns and mitigate risk, while providing the highest level of customer service.