OLNEY, MD -- (MARKET WIRE) -- October 18, 2006 -- The newly formed Arrow Funds is pleased to
announce that its first mutual fund, the
Arrow DWA Balanced Fund (
NASDAQ:
DWAFX), has exceeded $25
million in assets two months since the Fund's August launch. Managed by the
portfolio team at Dorsey Wright and Associates (DWA), the fund uses
technical analysis to manage the investment strategy.
"We have created a core strategy with a strict buy and sell discipline. The
Fund provides broad diversification by allocating among four market
segments: U.S. and International Equities, Fixed Income and Alternative
Assets," said Joe Barrato, executive vice president and director of
portfolio strategies at Arrow Funds. "The single most important factor
toward achieving our investment objective is our active approach using
technical research."
The
Arrow DWA Balanced Fund is a fund of funds strategy that
invests primarily in exchange traded funds (ETFs) -- products that have
attracted an enormous amount of attention in recent years due to such
benefits as low-cost structure, trading flexibility, transparency and
liquidity. Access to a broad range of non-correlating ETFs allows the Fund
to seek
absolute returns from its
proprietary tactical asset allocation strategy. The Fund provides exposure
to five rotation strategies including sector rotation, style rotation,
international rotation, fixed income rotation and alternative asset
rotation. The goal of each rotation strategy is to systematically identify
and provide exposure to leading ETF components on an ongoing basis. "The
strategy is extremely adaptive to market conditions. It has the flexibility
to overweight and underweight portfolio components based on their changing
technical patterns," according to Barrato.
The firm's founders have extensive experience in creating and distributing
investment products for the financial intermediary. "We listen to the needs
of the financial intermediary and respond to those needs with portfolio
solutions," said Barrato.
"This fund has been extremely well received by the financial intermediary
community," noted Jake Griffith, executive vice president of sales at Arrow
Funds. "Many advisors understand that relying on diversification alone may
not deliver adequate
risk
management in a weak market environment."
During the last few years many financial intermediaries have embraced
technical analysis to assist with their efforts to manage client
portfolios. DWA is a recognized expert in the field of technical analysis
and a leading provider of technical research to the national and regional
broker dealer community. "The
Arrow DWA Balanced Fund provides an investment option
aligned with the way many financial intermediaries manage client
portfolios," said Griffith
Arrow Funds has developed selling agreements with more than 50 of the top
national, regional, independent broker dealers and registered investment
advisor-based platforms. This list includes Wachovia Securities LLC;
Morgan Keegan & Co., Inc.; Robert W. Baird & Co., Inc.; NFP Securities
Inc.; First Allied Securities Inc.; Fidelity
(National Financial Services-NFS); TD Ameritrade, Inc. (National Investor
Services Corporation); and Bear, Stearns Securities Corp.
The fund has a minimum initial investment of $5,000 and a minimum of $250
for all subsequent investments.
Share Class Ticker
----------- ------
Class A Shares DWAFX
Advisor Class DWATX
About Arrow Funds
Arrow Investment Advisors, LLC, the advisor to Arrow Funds, is an
investment management firm dedicated to providing education, research and
product solutions to the financial intermediary community. Arrow Funds
identifies and develops investment products that seek to
enhance returns and mitigate risk.
The firm is committed to delivering superior performance while providing
the highest level of customer service. To learn more about Arrow Funds,
please visit
www.arrowfunds.com.
About Dorsey Wright & Associates
DWA is an independent and privately owned registered investment advisory
firm whose business includes two areas: professional management and
investment research services for numerous broker-dealers and large
institutions around the world. The cornerstone of its investment strategy
is
technical analysis. The firm
has provided technical research for almost 20 years.
Thomas J. Dorsey is president and
co-founder of DWA. An accomplished author, Dorsey's works include "Point &
Figure Charting: The Essential Application for Forecasting and Tracking
Market Prices"; "Thriving as a Stockbroker in the 21st Century"; and "Tom
Dorsey's Trading Tips: A Playbook for Stock Market Success." To learn more
about DWA, please visit
www.dorseywright.com.
An investor should consider the Fund's investment objective, risks, charges
and expenses carefully before investing. This and other information about
Arrow Funds is contained in the Fund's prospectus, which can be obtained by
calling 1-877-ArrowFD (877-277-6933). Please read the prospectus carefully
before investing. The Arrow Funds are distributed by Aquarius Fund
Distributors, LLC.
Contact Information: Media Contact:
Joseph Barrato
301-260-0162
Email Contact