SOURCE: Arrow Investment Advisors

Arrow Investment Advisors

October 01, 2014 09:00 ET

Arrow Introduces Its First Actively Managed Exchange Traded Fund With the Launch of the Arrow DWA Tactical ETF (NASDAQ: DWAT)

DWAT Harnesses the Technical Analysis Expertise of Dorsey Wright and Associates to Provide Exposure to a Global Macro Strategy.

LAUREL, MD--(Marketwired - Oct 1, 2014) - Arrow Investment Advisors, LLC, 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 (NASDAQ: DWAT) 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. To learn more, visit www.ArrowShares.com.

Before investing, please read the prospectus and shareholder reports to learn about the investment strategy and potential risks. Investing involves risks, including the potential for loss of principal. An investor should consider the fund's investment objective, charges, expenses and risks carefully before investing. This and other information about the funds is contained in the funds' prospectus, which can obtained by calling 1-877-277-6933. ArrowShares are distributed by Northern Lights Distributors, LLC (member FINRA). Northern Lights Distributors, LLC is an unaffiliated entity from Arrow Investment Advisors, LLC.

Arrow DWA Tactical ETF may not be suitable for all investors. The fund is new and has a limited performance record. Exchange traded products are bought and sold at market price, not NAV, and are not individually redeemed from the fund. Buying and selling shares generally results in brokerage commissions which will reduce returns. The market price may be higher (premium) or lower (discount) than the Net Asset Value (NAV). The fund may invest in commodity-related securities, which may be subject to greater volatility than investments in traditional securities. The fund may invest in international and emerging market securities, which may be subject to special risks including fluctuations in currency, government regulation, differences in accounting standards and liquidity. Investing in small-cap securities may have special risks, including wider variations in earnings and business prospects than larger, more established companies. The fund may invest in real estate-related securities, which may be subject to mortgage-related risks and real estate market fluctuations. The fund may invest in fixed income securities, which are subject to risks including interest rate, credit and inflation. The fund is nondiversified as there are a limited number of underlying funds available and each holding has the potential for a greater impact on the return. However, the underlying funds have access to a wide array of investments providing the additional diversification benefits discussed in the prospectus. Diversification does not assure a profit or protect against loss in a declining market. 1308-NLD-9/25/2014