Arrow Funds is to list a new exchange-traded fund, the Arrow DWA Tactical ETF (DWAT), on The Nasdaq Stock Market.
DWAT will begin trading on 1 October.
"We believe in providing targeted portfolio solutions for ever-changing market conditions," says Joseph Barrato, CEO and director of investment strategy at Arrow Investment Advisors. "With the launch of the Arrow DWA Tactical ETF we are pleased to offer a core solution for advisors who may wish to add a tactical element to a strategic investment portfolio."
DWAT is an actively managed exchange traded fund that is based on the Dorsey Wright Relative Strength (RS) Global Macro Model. The fund seeks to systematically identify and provide exposure to leading global market strategies across US equities, international equities, fixed income, commodities and currencies.
"We are thrilled to launch DWAT with our partners at Arrow Funds and appreciate their confidence in choosing the Nasdaq marketplace to trade ETFs," says Walt Smith, vice president, head of US equities at Nasdaq OMX. "As the originator of some of the world's most ground-breaking ventures, Nasdaq generates opportunities for Arrow Funds to expand their product's reach to access new markets and enter into one of the single largest pools of liquidity."