Contact Information: Contact: Jennifer Connelly JC Public Relations (973) 625-1130
Arrow Funds Launches DWA Tactical Fund as Company Celebrates Top Performance and Significant Growth
| Source: Arrow Funds
OLNEY, MD--(Marketwire - June 2, 2008) - Arrow Funds announced today the launch of their
third mutual fund, the Arrow
DWA Tactical Fund (NASDAQ : DWTFX ) (NASDAQ : DWTTX ). Launched on May 30,
2008, the new fund of funds gives investors a more aggressive approach to
Arrow DWA Balanced Fund (NASDAQ : DWAFX ) (NASDAQ : DWATX ) and provides
focused exposure across multiple market segments. The launch is part of
Arrow Funds' plan for continued strategic growth.
The firm has grown significantly over the past year and recently passed
$350 million in assets under management. The new Fund also comes on the
heels of the Arrow DWA Balanced Fund's #1 ranking in its class by Lipper
and Arrow's 2007 Lipper Performance Achievement recognition.
"We are thrilled with the success of our fund family," said Joseph Barrato,
CEO and Director of Investment Strategies at Arrow Funds. "Each of our
Funds has grown this year, despite the market conditions. We continue to be
committed to offering portfolio solutions for the ever-changing capital
markets," Mr. Barrato added. "The new Fund is a direct response to our
clients' requests for a more aggressive approach to the Arrow DWA Balanced
Fund."
The fund family hopes to add to its success and further expand shareholder
choices with the Arrow
DWA Tactical Fund, which invests primarily in exchange traded funds
(ETFs). The Fund will be managed by Dorsey Wright and Associates (DWA),
who uses technical analysis to allocate the Fund's portfolio among four
market segments: U.S. Equity, International Equity, Fixed Income, and
Alternative Assets.
Arrow Funds also partners with DWA on the highly successful Arrow's
DWA Balanced Fund, which, in addition to being Lipper ranked #1 in its
category for the calendar year of 2007, was also among the top 2% of funds
in its Morningstar category in 2007 -- and has remained there through
April 30, 2008.
The new Fund will still invest among five rotation strategies using DWA's
relative strength discipline. However, the exposure range to each rotation
strategy was expanded to give DWA more flexibility to focus its exposure.
"The Tactical Fund will be more volatile when compared to the Balanced
Fund, but its goal is to provide greater returns for investors over a long
term horizon," said Mr. Barrato.
For more information or to speak with Joseph Barrato, please contact
Jennifer Connelly at (973) 625-1130 or jenn@jcpublicrelations.com. You can
also visit www.arrowfunds.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 its 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 Funds are distributed by Northern Lights
Distributors, LLC (member FINRA/SIPC).
0544-NLD-5/28/2008