OLNEY, MD -- (MARKET WIRE) -- November 14, 2006 -- The Wall Street Transcript (TWST) has published an interview of Arrow Fund's EVP, Director of Investment Strategies Joseph Barrato, in their October 23rd issue focusing on investing.

The Arrow DWA Balanced Fund is the first mutual fund that provides access to Dorsey Wright & Associates tactical asset allocation strategies within a fund of exchange-traded funds structure. The Wall Street Transcript is a weekly publication which has been interviewing top analysts, premier money managers and CEOs for more than 40 years.

In the interview Mr. Barrato discusses the periodic challenges of managing in certain market environments, the need for investors to have exposures to tactical asset allocation strategies and the Fund's technically based investment discipline.

The entire interview transcript is available on the Arrow Funds website

About Arrow Funds

Arrow Investment Advisors, LLC, the advisor to Arrow Funds, is an investment management firm dedicated to providing education, research and product solutions to the financial intermediary community. Arrow Funds identifies and develops investment products that seek to enhance returns and mitigate risk. The firm is committed to delivering superior performance while providing the highest level of customer service. To learn more about Arrow Funds, please visit www.arrowfunds.com.

About Dorsey Wright & Associates

DWA is an independent and privately owned registered investment advisory firm whose business includes two areas: professional management and investment research services for numerous broker-dealers and large institutions around the world. The cornerstone of its investment strategy is technical analysis. The firm has provided technical research for almost 20 years. Thomas J. Dorsey is president and co-founder of DWA. An accomplished author, Dorsey's works include "Point & Figure Charting: The Essential Application for Forecasting and Tracking Market Prices"; "Thriving as a Stockbroker in the 21st Century"; and "Tom Dorsey's Trading Tips: A Playbook for Stock Market Success." To learn more about DWA, please visit www.dorseywright.com.

An investor should consider the Fund's investment objective, risks, charges
and expenses carefully before investing. This and other information about
Arrow Funds is contained in the Fund's prospectus, which can be obtained by
calling 1-877-ArrowFD (877-277-6933). Please read the prospectus carefully
before investing. The Arrow Funds are distributed by Aquarius Fund
Distributors, LLC.

Contact Information: Media Contact: Melinda Staab 443-831-5111 Email Contact