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Arrow Dow Jones Global Yield ETF passes USD100m in assets


Arrow Investment Advisors’ flagship exchange-traded fund, the Arrow Dow Jones Global Yield ETF (GYLD), has attracted more than USD100m in assets since its inception less than two years ago.

As the only fund to track the Dow Jones Global Composite Yield Index, GYLD offers diversified global yield and growth through multiple asset class exposure.
"Despite an uptick in 2013, interest rates remain at historical lows and income-oriented investors continue to seek out competitive yield," says Joseph Barrato, CEO and director of investment strategy at Arrow. "At Arrow, we believe in a global approach to yield that incorporates both traditional and alternative sources of income, along with exposure to growth opportunities. GYLD may offer a compelling alternative for those who wish to generate yield, without necessarily sacrificing returns."
Barrato adds that GYLD may be especially attractive to investors concerned about interest rate risk.
"Investors are beginning to anticipate the impact of a rising interest rate environment and declining bond prices," says Barrato. "GYLD's equally-weighted exposure to multiple asset classes may complement traditional fixed income investments that tend to be more vulnerable to rising rates."
As of 18 February distribution, GYLD has delivered a total return of 10.28 per cent since inception, with a 12-month yield of 6.03 per cent and 30-Day SEC yield of 6.29 per cent.
"We are pleased that we have been able to meet what we believe is a real demand for competitive yield with Arrow's foray into the ETF business," says Barrato. "We have achieved both passive and active SEC exemptive relief, along with self-indexing capabilities, and look forward to building on GYLD's success by bringing new strategies to market later this year."

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