Arrow’s Global Yield ETF Tops $100M in Assets

Arrow Investment Advisors, the Maryland-based boutique investment manager with an emphasis on alternative investments, said Monday its Arrow Dow Jones Global Yield ETF (NYSEArca: GYLD) has topped $100 million in assets under management in less than two years of trading.

GYLD can be considered a multi-asset ETF as it holds a basket of income-generating equity and fixed-income securities from non-traditional sources. Each of the five asset classes held by the ETF receive weights of about 20%. Those include international alternatives, global corporate bonds, stocks, real estate and global sovereign debt. [A High-Yielding Multi-Asset ETF]

“Despite an uptick in 2013, interest rates remain at historical lows and income-oriented investors continue to seek out competitive yield,” says Joseph Barrato, CEO and Director of Investment Strategy at Arrow, in a statement. “At Arrow, we believe in a global approach to yield that incorporates both traditional and alternative sources of income, along with exposure to growth opportunities. GYLD may offer a compelling alternative for those who wish to generate yield, without necessarily sacrificing returns.”

To be precise, GYLD had $101.7 million in assets as of March 7 and a 30-day SEC yield of almost 6.3%, according to issuer data.

While 39% of GYLD’s country weight is allocated to the U.S., the fund does offer a solid mix of developed and emerging markets exposure. Other top-10 country weights include Australia, South Africa, Singapore, France, Venezuela and Turkey.  Despite geopolitical tensions and currency issues in Turkey and Venezuela, GYLD has traded slightly higher this year. [ETFs to Watch After the Venezuela Downgrade]