Arrow DWA Balanced Fund (DWAFX) Reaches New Milestone
Tactical Asset Allocation Strategy Beats Broad Markets for 3 Years Since Inception
OLNEY, MD--(Marketwire - August 13, 2009) - Arrow Funds, a leading provider of alternative
strategy mutual funds, is pleased to announce that their flagship fund, the
Arrow DWA Balanced Fund (NASDAQ: DWAFX), has just reached its
3-year anniversary. Since its inception in August 2006, the Fund has an
average annual return of 0.77%, outperforming the S&P 500 which had a
-5.41% annualized for the same time period.
"We feel the Arrow DWA Balanced Fund has served well as a core holding for
investors during the past three years, especially considering the
unprecedented market conditions," stated Joseph Barrato, Arrow Funds' CEO.
"It's clear that investors have taken notice of our unique tactical asset
allocation approach." Since its inception, assets under management for the
Fund have grown to more than $250 million, making it a fast growing fund
within an established category while outperforming 90%
of its peers.
The Arrow DWA Balanced Fund is managed by the skilled portfolio team at Dorsey
Wright and Associates (DWA). The Fund primarily invests in exchange
traded funds (ETFs) and provides diversified exposure to sector, style,
international, fixed-income and alternative asset classes using five
distinct rotation strategies.
As the sub-advisors to the Fund, DWA allocates across the various portfolio
segments based on proprietary technical analysis that has brought them high
accolades from the financial services industry. "For years we have taught
investors the importance of making investment decisions based on the
economics of supply and demand. The relative strength of this fund against
its peers over the last three years is a testament to our disciplined
investment approach. Combining that with the broad distribution
capabilities of the Arrow Funds, investors have access to a unique core
investment portfolio," said Tom Dorsey, President of Dorsey Wright &
Arrow DWA Balanced Fund (Performance as of 8/7/2009)