Nasdaq OMX Lists the New Arrow DWA Tactical ETF

Nasdaq is listing a new global macro strategy exchange traded fund.

Arrow Funds is offering clients a new exchange traded fund, the Arrow DWA Tactical ETF (Symbol: DWAT), on Nasdaq. DWAT will begin trading on NASDAQ Wednesday, October 1, 2014.

“We believe in providing targeted portfolio solutions for ever-changing market conditions,” said Joseph Barrato, chief executive 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 U.S. equities, international equities, fixed income, commodities and currencies.