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Md. ETF provider launches ‘country rotation,’ ‘dogs of the world’ funds

(Erwin Wodicka /

(Erwin Wodicka /

Arrow Funds, a provider of exchange-traded funds based in Laurel, launched two new international investment funds.

The funds, called Arrow DWA Country Rotation ETF and Arrow Dogs of the World ETF, aim to capitalize on international market shifts.

The Arrow DWA Country Rotation ETF uses an index created by Dorsey-Wright & Associates, a financial planning firm in Richmond, Virginia. The index starts with 41 countries, then narrows to the 10 strongest based on relative strength or price performance. Then 10 companies are put in each fund from each of the 10 countries. The fund is rebalanced quarterly.

The Arrow Dogs of the World ETF’s underlying index is made of the five worst-performing countries among 44 developed, emerging and frontier markets. Holdings represent the top 75 percent of the market capitalization for each of the five countries selected.

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