This Advisor Perspectives article is worth reading. Here is their summary:
More institutional investors are making ETFs part of their portfolio strategy, and that’s good news for retail investors. With many innovations, institutional investors are often the first in. Later the retail investors follow. ETFs, however, have shown a slightly different pattern. After 1993, when the first ETF was introduced in this country, ETFs were primarily of interest to institutional investors. At first, their main use was as a place to hold cash before investing in a new asset class, but institutions soon began using them for other purposes, such as tactical allocations and hedges.
We have seen tremendous interest and growth in our ETF-based separate account and mutual funds, particularly the go-anywhere Global Macro strategy. There is definitely strong interest among retail investors in a flexible product that uses tactical asset allocation. From a standing start in 2006 with Arrow Funds, we now manage about $800 million in ETFs!
See www.powershares.com for more information on our three DWA Technical Leaders Index ETFs (PDP, PIE, PIZ).
To obtain a fact sheet and prospectus for the Arrow DWA Tactical Fund (DWTFX) or the Arrow DWA Balanced Fund (DWAFX), click here.
Click here for disclosures. Past performance is no guarantee of future results.
