The Arrow Dow Jones Global Yield ETF (NYSEArca: GYLD) and the Arrow DWA Tactical ETF (NasdaqGM: DWAT) are joining E*TRADE’s Commission-Free ETF platform, said Maryland-based Arrow Funds Wednesday.
The actively managed DWAT, which has an annual expense ratio of 1.52%, “seeks to achieve its investment objective by implementing a proprietary Relative Strength (RS) Global Macro model managed by Dorsey Wright & Associates (DWA),” according to ArrowShares.
Arrow uses a similar methodology for its Arrow DWA Tactical Mutual Fund. Like its mutual fund counterpart, DWAT is positioned as a fund of funds, which means the new ETF’s 10 equity holdings are other ETFs.
DWAT’s holdings are other ETFs.