ETF Odds & Ends: Gabelli Debuts 2nd Fund

ETF Odds & Ends: Gabelli Debuts 2nd Fund

Also, two Arrow ETFs increased their expense ratios.

Reviewed by: Heather Bell
Edited by: Heather Bell

With the exception of several launches, there was minimal activity among U.S.-listed ETFs.

Beyond the launches already covered by last week, Gabelli debuted its second ETF on Tuesday. The Gabelli Growth Innovators ETF (GGRW), like Gabelli’s first ETF, relies on Precidian’s ActiveShares model for nontransparent actively managed ETFs.

The fund targets U.S.-listed stocks and American depositary receipts tied to companies offering innovative technologies, services and products whose potential earnings growth may be underestimated by the market. It comes with an expense ratio of 0.90%.  

In addition, First Trust rolled out the First Trust TCW Emerging Markets Debt ETF (EFIX), an active fund managed by TCW Investment Management Company and covering emerging market fixed income. It comes with an expense ratio of 0.85%.

Expense Ratios

The only other important developments were two ETFs offered by Arrow Funds increasing their expense ratios, effective Feb. 17. The $4 million Arrow DWA Tactical Macro ETF (DWAT), an actively managed ETF-of-ETFs, increased its expense ratio from 1.56% to 1.66%. Meanwhile, the $14 million Arrow DWA Tactical International ETF (DWCR), an index-based ETF implementing a momentum strategy, increased its expense ratio from 1.16% to 1.36%.

Contact Heather Bell at [email protected]


Heather Bell is a former managing editor of She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs. 

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