## [# Daily ETF Watch: New Smart Beta Fund Debuts](/sections/daily-etf-watch/daily-etf-watch-new-smart-beta-fund-debuts)
# Daily ETF Watch: New Smart Beta Fund Debuts
Arrow Investment Advisors launches self-indexed ETF targeting three factors.
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[By Heather Bell](/contributors/heather-bell)
Feb 27, 2015
Edited by: Heather Bell
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Arrow Investment Advisors added a third fund to its ETF lineup with today’s rollout of a self-indexed smart-beta fund.
The [Arrow QVM Equity Factor ETF (QVM)](https://www.sec.gov/Archives/edgar/data/1527428/000158064215000803/arrowqvm497.htm) is based on an in-house equal-weighted index that selects its components based on the exposure they provide to the quality, value and momentum factors. According to Arrow, the quality factor adds a defensive twist to the fund, while the momentum and value factors allow QVM to capture upside performance.
The 50-stock index was co-developed with Ford Equity Research and relies on six different metrics—including profitability, earnings, dividend yield, share buybacks, valuation and long-term price performance—to capture the three factors it targets.
QVM is listed on the NYSE Arca exchange and comes with an expense ratio of 0.65 percent.
**Deutsche Takes Over PowerShares DB ETN Family**
Deutsche Bank and PowerShares have a lot of ties to sort out as their co-branding agreement comes to an end. Yesterday, we reported on the closures of six ETNs marketed under the PowerShares DB label and a creations freeze for 11 PowerShares DB ETFs while they were transferred over to PowerShares. However, those aren't the only changes.
Another 26 ETNs marketed by PowerShares under the PowerShares DB name will continue to trade, but they are no longer marketed by PowerShares and have dropped the "PowerShares" brand, keeping only the "DB." For example, the PowerShares DB Gold Double Long ETN has been renamed the [DB Gold Double Long ETN (DGP).](https://www.etf.com/dgp) The funds have also kept their original tickers.
The 26 affected ETNs are predominantly commodity funds, but others cover U.S. Treasury bonds and foreign bonds. All but six offer some sort of leveraged or inverse exposure to their underlying indexes.
DGP is by far the largest of the ETNs, with nearly $150 million in assets under management. Most of the ETNs on the list have $50 million or less in assets.
The list of renamed funds and their tickers is below.
New Brand NameTickerDB Gold Double Short ETN DZZ DB Gold Double Long ETN DGP DB Gold Short ETN DGZ DB Crude Oil Double Short ETN DTO DB Crude Oil Short ETN SZO DB Crude Oil Long ETN OLO DB 3x Short 25+ Year Treasury Bond ETN SBND DB 3x Long 25+ Year Treasury Bond ETN LBND DB 3x German Bund Futures ETN BUNT DB German Bund Futures ETN BUNL DB 3x Japanese Govt Bond Futures ETN JGBT DB Japanese Govt Bond Futures ETN JGBL DB 3x Inverse Japanese Govt Bond Futures ETN JGBD DB Inverse Japanese Govt Bond Futures ETN JGBS DB Agriculture Double Short ETN AGA DB Agriculture Double Long ETN DAG DB Agriculture Short ETN ADZ DB Agriculture Long ETN AGF DB Base Metals Double Short ETN BOM DB Base Metals Double Long ETN BDD DB Base Metals Short ETN BOS DB Base Metals Long ETN BDG DB Commodity Double Short ETN DEE DB Commodity Double Long ETN DYY DB Commodity Short ETN DDP DB Commodity Long ETN DPU
[ Heather Bell ](/contributors/heather-bell)
Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a… [View Bio](/contributors/heather-bell)
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