OLNEY, MD--(Marketwire - September 11, 2007) - Despite a tumultuous summer for the equity
markets, the folks at Arrow Funds are pleased to announce that their
flagship fund, the Arrow DWA Balanced Fund (
NASDAQ:
DWAFX), has just
exceeded $100 million in assets under management -- just a few weeks after
the fund celebrated its one-year anniversary.
"Even with the market volatility, investors are looking for a core tactical
strategy that responds to changing market conditions," states Joseph
Barrato, executive vice president and director of portfolio strategies,
Arrow Funds. "The Fund's disciplined investment strategy helped it surpass
92% of its peers in the Morningstar
Moderate Allocation category over the last year.*"
Managed by the portfolio team at Dorsey Wright and Associates (DWA), the
Fund primarily invests in exchange traded funds (ETFs). It provides
targeted exposure to sector, style, international, fixed-income, and
alternative asset classes using five distinct rotation strategies. The Fund
stays responsive to market conditions, reallocating portfolio segments
within certain bands through a strict buy-and-sell discipline based on
relative strength.
On the heels of the $100-million-in-assets milestone, Arrow has also
announced that they have reduced the Fund's net annual expense caps for
both the Class A Shares and the Advisor Class Shares -- from 2.0% to 1.6%
and from 2.50% to 2.35% respectively. "As the Fund grows, we will achieve
better economies of scale across the board," says Barrato. "We want to pass
this benefit on to investors and will continue to do so as assets rise."
Arrow Funds has developed selling
agreements with more than 100 of the top national, regional, independent
broker/dealers, clearing brokers and registered investment advisor-based
platforms. This list includes Wachovia Securities Inc. (First Clearing),
Merrill Lynch, RBC Dain Rauscher Inc., Morgan Keegan & Company, Inc., Bear,
Stearns Securities Corp. (Global Clearing), Robert W. Baird, Linsco/Private
Ledger Corp., Commonwealth Financial Network, NFP Securities Inc., First
Allied Securities Inc., Pershing, Sterne Agee Financial Services, Inc.,
Southwest Securities Inc., Charles Schwab, Fidelity (National Financial
Services-NFS) and TD Ameritrade, Inc. (National Investor Services
Corporation).
The Fund has a minimum initial investment of $5,000 and a minimum of $250
for all subsequent investments.
Share Class Ticker
Class A Shares DWAFX
Advisor Class DWATX
* As of August 31, 2007
To request more information or to speak with Joseph Barrato, please contact
Melinda Staab at (973) 400-1341 or
melinda@jcpublicrelations.com
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 their investment strategy
is technical analysis. The firm has provided technical research for more
than 20 years. 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 or sending money. This and
other information about Arrow Funds is contained in the Fund's prospectus,
which can be obtained by calling 1-877-277-6933. Please read the prospectus
carefully before investing. Arrow is distributed by Aquarius Fund
Distributors, LLC member FINRA/ SIPC.
The Fund may invest in international and emerging market securities which
may be subject to special risks including fluctuations in currency,
government regulation, differences in accounting standards and liquidity.
The Fund may invest in small-cap securities which may have special
associated risks including wider variations in earnings and business
prospects than larger, more established companies. The Fund may invest in
the shares of other mutual and exchange traded funds. These underlying
funds may be subject to their own operating fees and expenses. The Fund may
invest in fixed-income securities which are subject to risks including
interest rate, credit, and inflation risk.
0897-AFD-9/10/2007
Contact Information: Contact:
Melinda Staab
JC Public Relations, Inc.
(973) 400-1341