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Products May 23, 2012
Arrow Introduces Institutional Share Classes to Funds
Arrow Investment Advisors launched institutional
share classes for the firm’s five tactical and alternative investment mutual
funds.
Reported by Jay Polansky
The institutional share classes eliminate the standard 12-b 1 fee, resulting in a lower overall expense ratio, and have an investment minimum of $1 million.
The funds are the Arrow Alternative Solutions Fund (NASDAQ: ASFNX), Arrow Commodity Strategy Fund (CSFNX), Arrow DWA Balanced (DWANX), Arrow DWA Tactical Fund (DWTNX) and Arrow Managed Futures Strategy Fund (MFTNX).
“Our introduction of a new institutional share class is in direct
response to client demand as advisers seek lower-cost access to nontraditional
investment strategies such as managed futures and other alternatives,” said Day
Thomas, director of Institutional Relationships at Arrow Funds.
More information is available at http://www.arrowfunds.com.