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.

"The prevailing low interest rate environment has made it extremely challenging for income-oriented investors to generate substantial yield via traditional means," stated Joseph Barrato, CEO, Arrow Investment Advisors. "The Arrow Dow Jones Global Yield ETF provides an exchange traded solution designed to boost the yield play in an investment portfolio."

Arrow currently manages some $700 million in assets across five mutual funds providing exposure to commodities, managed futures, absolute return- and relative strength momentum-based strategies.

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