Arrow Makes EFT Debut with Dow Jones Global Yield ETF (GYLD)

May 8, 2012 1:11 PM EDT
Arrow Investment Advisors, LLC, the advisor to Arrow Funds, today announced the launch of its first exchange traded fund - the Arrow Dow Jones Global Yield ETF (NYSE: GYLD). The new ETF will track the Dow Jones Global Composite Yield Index, a newly launched benchmark that provides diversified exposure to traditional and alternative sources of income across multiple asset classes.

"The prevailing low interest rate environment has made it extremely challenging for income-oriented investors to generate substantial yield via traditional means," says Joseph Barrato, CEO, Arrow Investment Advisors. "The Arrow Dow Jones Global Yield ETF provides an exchange traded solution designed to boost the yield play in an investment portfolio."

The benchmark has shown a competitive yield range of approximately 7% to 9% over the past year, which isn't bad if you can manage risk well.

GYLD will have 150 holdings divided into 5 sectors including Global Sovereign Debt, Global Equity, Global Real Estate, Global Alternative, and Global Corporate Debt.

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