The Arrow DWA Country Rotation ETF (NASDAQ:DWCR)
seeks out top performers, while the Arrow Dogs of the World ETF
(NYSE:DOGS) uses a contrarian approach to find value among the
worst performers
Arrow Funds today announced the launch of two exchange traded funds
(ETFs) that offer distinct, yet complementary, approaches to
international investing. Both the Arrow DWA Country Rotation ETF
(NASDAQ:DWCR) and the Arrow Dogs of the World ETF (NYSE:DOGS) look
to provide opportunities to capitalize on international market
shifts and generate alpha, while employing vastly different
methodologies to achieve their objectives.
“DWCR and DOGS represent a sort of yin and yang approach to
international equity exposure,” says Joseph Barrato, Arrow Funds
CEO and Director of Investment Strategy. “On one hand, in DWCR we
have a holistic international solution that provides exposure to
top performing countries. On the other hand, with DOGS we offer an
opportunistic play for value-minded investors by identifying the
worst performing countries.”
The index underlying the Arrow DWA Country Rotation ETF
leverages the highly respected technical analysis expertise of
Dorsey Wright & Associates to offer a systematic, price
momentum strategy that capitalizes on changing international market
trends. Rebalanced quarterly, DWCR and its index begin with a
universe of 41 countries, then narrow that list down to the 10
strongest performing countries which exhibit the highest relative
strength or price performance. Once those countries have been
identified, Dorsey Wright’s methodology then identifies 10
companies that demonstrate powerful relative strength
characteristics within that country.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/f2dd0eca-0a9f-4add-94e6-0b9d65602de6
Conversely, the Arrow Dogs of the World ETF employs a contrarian
strategy to find value among the worst performing international
securities where a mean reversion is expected. Rebalanced annually,
DOGS and its underlying index are made up of the five
worst-performing countries among a universe of 44 developed,
emerging and frontier markets. Holdings represent the top 75% of
the market capitalization for each of the five countries
selected.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/cd976ddb-d4cb-42e3-a973-d8ccf62eaac7
Arrow launched an international country rotation strategy within
the DWA Balanced Fund in 2006. “With the launch of DWCR, we’ve
enhanced the international country rotation strategy that we
developed with Dorsey Wright 11 years ago. We’ve expanded the
country universe and instead of using ETFs, we will be buying
individual stocks with the strongest relative strength within those
countries,” added Barrato. “At the same time, we are pleased to
introduce DOGS, the first packaged mean reversion strategy with an
international focus, giving investors the opportunity to have
exposure to an investment strategy that taps into deeply
undervalued countries. Both strategies have a low correlation to
the to the U.S. equity market.”
Investors should consider having a meaningful allocation to
international equities in their portfolios because investing
internationally helps to diversify a portfolio. The share of the
global economy found outside of the U.S. has been steadily
rising. While the U.S. economy has seen growth for eight
years since the global financial crisis, the international markets
have been relatively anemic. Now, the greatest acceleration in
growth is happening abroad in regions in earlier stages of their
expansion relative to the U.S. Over the last 10 years, the universe
of investible countries has on average generated a 0.7% return
compared to U.S. market’s 8.7%. The average 10-year return of the
U.S. market since 1979 is 10.80% while the international country
average is 12.5%.
“The last time the divergence was so wide between the U.S. and
the international markets was in 1998,” said Barrato. “While there
is still room for growth in the U.S. market, investors should have
the ability to generate greater returns from their international
exposure in their portfolio over the next 10 years. DWCR and DOGS
are unique international trading strategies that have the ability
to generate alpha versus a traditional international portfolio, and
at the same time can help diversify investors’ U.S. equity
positions,” says Barrato.
DWCR and DOGS complement Arrow Fund’s existing lineup of global
equity and income-oriented exchange traded funds, including the
Arrow Dow Jones Global Yield ETF (NYSE Arca:GYLD), which provides
global exposure to traditional and alternative sources of yield;
(CBOE:ARCM), a conservative ultra short-term fixed income strategy
designed as an alternative to money market and cash positions;
Arrow QVM Equity Factor ETF (NYSE Arca:QVM), which provides
domestic equity exposure to quality companies and which has
delivered above-average yield characteristics; and Arrow DWA
Tactical ETF (NASDAQ:DWAT), a global macro strategy that leverages
the technical analysis expertise of Dorsey Wright &
Associates.
About Arrow: Arrow Funds, including the
exchange traded product line ArrowShares, is a company that offers
targeted portfolio solutions for ever-changing markets. The
company’s vision is to be the leading provider of alternative and
tactical investment solutions with a focus on education, research
and client service as the cornerstones. To learn more, visit
www.ArrowFunds.com.
The Arrow DWA Country Rotation ETF and
the Arrow Dogs of the World ETF may not be suitable for all
investors. New funds have 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 funds’
portfolios may underperform their benchmarks and/or other asset
classes. The funds’ portfolios may underperform the general equity
markets, or other asset classes, with the potential for greater
individual security risk, asset class risk, and higher industry
concentration risk than more broadly diversified portfolios. The
funds may invest in large-cap, mid-cap, and small-cap securities.
Investing in small-cap and mid-cap securities may have special
risks, including wider variations in earnings and business
prospects than larger, more established companies. International
investments may involve additional risks, including, but not
limited to, currency fluctuation, accounting methods, and
geopolitical instability. Emerging markets involve heightened risks
related to the same factors as well as increased volatility and
potentially lower trading volume. Changes in laws, domestically or
abroad, could result in the inability of the funds to operate as
described in the prospectuses. Narrowly focused investments may be
subject to higher volatility.
Before investing, please read the prospectuses and shareholder
reports to learn about the investment strategies and potential
risks. Investing involves risks, including the potential for loss
of principal. An investor should consider the funds’ investment
objectives, charges, expenses and risks carefully before investing.
This and other information about the funds is contained in the
funds’ prospectuses, which can be obtained by calling
1-877-277-6933.
Content reviewed by an affiliate, Archer Distributors, LLC
(member FINRA). AD-010218
Media Contact:Chris
SullivanChris@macmillancom.com, 212.473.4442
A video accompanying this announcement is available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/2ae1aeb0-ef8c-4e62-a438-3bd54c1b58da
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