NEW YORK, Sept. 29, 2014 (GLOBE NEWSWIRE) -- NASDAQ OMX today announced that Arrow Funds will list a new exchange traded fund, the Arrow DWA Tactical ETF (Symbol: DWAT), on The NASDAQ Stock Market® (NASDAQ®). DWAT will begin trading on NASDAQ Wednesday, October 1, 2014.
"We believe in providing targeted portfolio solutions for ever-changing market conditions," states 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 U.S. 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," said Walt Smith, Vice President, Head of U.S. 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."
NASDAQ OMX operates an efficient platform for successfully introducing a product suite into one of the single largest pools of liquidity, including market participants which represent a full spectrum of investors. ETF issuers benefit from an end-to-end solution that provides ongoing product support including index licensing, listings opportunities, data offerings and trading services. As the home to some of the world's most innovative ventures, NASDAQ OMX generates opportunities for issuers to access new markets and deliver new concepts that change the way the industry develops, manages and applies ETFs.
About Arrow Funds:
Arrow Funds is a mutual fund company with a passion and energy for helping our clients meet their financial goals. We believe in offering targeted portfolio solutions for the ever-changing capital markets. We focus on creating value for our shareholders by offering investment strategies that seek to enhance returns and mitigate risk. Arrow Funds are appropriate for individuals and businesses, nonprofits and endowments, as well as qualified and non-qualified retirement plans.
About NASDAQ OMX:
NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,400 listed companies with a market value of over $8.5 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.com.
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The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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CONTACT: Arrow Funds Media Contact: Lori Klash Winkler + 1 (843) 352-7045 (office) +1 (619) 743-2848 LKWinkler@arrowfunds.com NASDAQ OMX Media Contact: Alexa Sugrue +1 (212) 231-5552 (office) +1 (646) 577-3157 (mobile) Alexa.Sugrue@NASDAQOMX.com
Source:The NASDAQ OMX Group, Inc.