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NASDAQ OMX Lists the Arrow DWA Tactical ETF (DWAT)

An Actively Managed Global Macro Strategy Based on the Technical Analysis Expertise of Dorsey Wright and Associates 

NASDAQ OMX today announced that Arrow Funds will list a new exchange traded fund, the Arrow DWA Tactical ETF (Symbol: DWAT), on The NASDAQ Stock Market® (NASDAQ®). DWAT will begin trading on NASDAQ Wednesday, October 1, 2014.

"We believe in providing targeted portfolio solutions for ever-changing market conditions," states Joseph Barrato, CEO and Director of Investment Strategy at Arrow Investment Advisors. "With the launch of the Arrow DWA Tactical ETF we are pleased to offer a core solution for advisors who may wish to add a tactical element to a strategic investment portfolio."

DWAT is an actively managed exchange traded fund that is based on the Dorsey Wright Relative Strength (RS) Global Macro Model. The fund seeks to systematically identify and provide exposure to leading global market strategies across U.S. equities, international equities, fixed income, commodities and currencies.

"We are thrilled to launch DWAT with our partners at Arrow Funds and appreciate their confidence in choosing the NASDAQ marketplace to trade ETFs," said Walt Smith, Vice President, Head of U.S. Equities at NASDAQ OMX. "As the originator of some of the world's most ground-breaking ventures, NASDAQ generates opportunities for Arrow Funds to expand their product's reach to access new markets and enter into one of the single largest pools of liquidity."

NASDAQ OMX operates an efficient platform for successfully introducing a product suite into one of the single largest pools of liquidity, including market participants which represent a full spectrum of investors. ETF issuers benefit from an end-to-end solution that provides ongoing product support including index licensing, listings opportunities, data offerings and trading services. As the home to some of the world's most innovative ventures, NASDAQ OMX generates opportunities for issuers to access new markets and deliver new concepts that change the way the industry develops, manages and applies ETFs.