1st New ETF Of 2018 Debuts

Arrow Funds rolls out its 'Dogs of the World' fund.

ETF.com
|
Reviewed by: etf.com Staff
,
Edited by: etf.com Staff

Today Arrow Funds rolled out a companion fund to its Arrow DWA Country Rotation ETF (DWCR), which it launched at the end of 2017. The Arrow Dogs of the World ETF (DOGS) takes a sort of contrarian approach, seeking to invest in poorly performing countries to exploit the possibility of mean reversion in the future.

DOGS lists on the NYSE Arca and comes with an expense ratio of 0.65%.

While DWCR follows a momentum-based strategy, DOGS is basically an anti-momentum strategy. It selects five markets from across a universe of 48 countries representing frontier, emerging and developed countries, but excluding the U.S.

The methodology chooses five markets due for a return reversal after a period of underperformance, meaning those that have exhibited the weakest relative strength.

Each market is represented in the portfolio by the companies falling within the top 75% of its market capitalization and assigned a weight of 20% within the index, the prospectus says.

With this latest addition to its lineup, Arrow currently offers six ETFs.

Contact Heather Bell at [email protected]

etf.com is the single source for ETF intelligence. We provide real-time ETF news and analysis to educate investors and drive financial knowledge in the space. Our personalized and accurate information, alongside industry-leading financial tools, are depended upon to develop winning investment and financial decisions. At etf.com, we strive to serve both the individual investor as well as the professional financial advisor to educate and grow the ETF community.