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DJ Indexes licenses yield-oriented, multi-asset class index for new ArrowShares ETF

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Arrow Investment Advisors has licensed the Dow Jones Global Composite Yield Index to serve as the basis for the Arrow Dow Jones Global Yield ETF.
 

The ETF – the first to launch under Arrow Investment Advisors’ new exchange-traded product line branded ArrowShares – was launched today and will trade on NYSE Arca.
             
The Dow Jones Global Composite Yield Index, also launched today, is designed to reduce concentration risk by tracking five yield-oriented baskets – each one a 30-component subindex launching today – that provide equally weighted exposure to traditional and alternative sources of income across multiple asset classes.
 
The five Dow Jones Global Composite Yield Index subindexes are:

Dow Jones Global Equity Yield Index: measures high dividend-paying stocks selected from developed and emerging markets;

Dow Jones Global Real Estate Yield Index: measures high dividend-paying real estate stocks selected from developed and emerging markets;

Dow Jones Global Alternative Yield Index: measures high dividend-paying preferred shares, master limited partnerships and royalty trusts selected from developed and emerging markets;

Credit Suisse Yield Enhanced Global Corporate Index: measures higher-yielding corporate bonds selected from developed and emerging markets; and

Credit Suisse Yield Enhanced Sovereign Index: measures higher-yielding sovereign bonds selected from developed and emerging markets.

The Credit Suisse Yield Enhanced Global Corporate and Credit Suisse Yield Enhanced Sovereign Indexes are provided by the Credit Suisse’s Global Index and Alpha Strategies Group.
 
“We developed the Dow Jones Global Composite Yield Index in response to the strong demand for yield in the current market environment,” says Michael A Petronella (pictured), President of Dow Jones Indexes. “This new index is an innovative and diversified measure of yield across multiple asset classes that offer exposure to traditional and alternative sources of income.”
 

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