Olney, MD-based Arrow Investment Advisors, LLC today unveiled its maiden exchange traded fund, dubbed the Arrow Dow Jones Global Yield ETF (nyse arca:GYLD), which the firm touts as the only fund to track the Dow Jones Global Composite Yield Index.

Arrow's new ETF takes a global approach to making bets on various assets, including equities, fixed income and alternative investments. It sports an expense ratio of 75 basis points.

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