Arrow Investment Advisors will be launching a new high yield bond ETF. According to a filing made with the SEC May 6, the company registered to launch the Arrow Global Enhanced HY Bond ETF.
The ETF will track the the Global Enhanced Corporate HY Bond Issuers Index. Fees for the offering were not listed.
William E. Flaig Jr., chief investment officer and Adrian Bachman, portfolio manager, will manage the portfolio.
No date was listed for availability of the fund. Shares of the fund will be listed for trading on NYSE Arca when trading begins.