Gemini, Arrow Aim for More Alt ETFs

Gemini Fund Services and Arrow Investment Advisors today unveiled their exchange-traded fund initiative, the Northern Lights ETF Trust, which will bring “innovative” ETFs to market.

In May 8, Arrow launched the trust’s ETF, the Arrow Dow Jones Global Yield ETF (GYLD), which tracks the Dow Jones Global Composite Yield Index.

In an interview with Money Management Executive, CEO Andrew Rogers said: “We have the expectations of within a year or so to launch many new ETFs, mainly niche products and alternative in nature as opposed to S&P 500-type funds. Some of these models may include index-type models but they’re definitely alternative in nature. We're hoping to add about four to five funds a year and the max here will be 25 funds as well.”

Joseph Barrato, chief executive officer Arrow Investment, told MME that the trust will launch another alternative-type strategy by Q1 2013.