Arrow Dogs of the World ETF (DOGS) is an exchange-traded fund that seeks long-term capital appreciation by tracking the investment results, before fees and expenses, of the AI Dogs of the World ex US Total Return Index. The fund employs a contrarian strategy inspired by the Dogs of the Dow approach, investing in momentum and high-yield stocks from the five worst-performing countries by relative strength, excluding the United States, across diversified sectors and market capitalizations in global ex-US public equity markets. It offers exposure to international equities through full replication of the index, with holdings rebalanced periodically to select underperforming yet potentially undervalued securities.
Managed by Arrow Investment Advisors, LLC under the Arrow Funds and ArrowShares brand, the ETF provides investors with targeted smart beta solutions focused on alternative international equity strategies; it is distributed by Archer Distributors, LLC. Arrow Investment Advisors, founded in 2006, is headquartered in Olney, Maryland, and oversees a range of mutual funds and ETFs emphasizing risk mitigation and return enhancement in dynamic capital markets. The firm targets financial intermediaries, individual investors, businesses, nonprofits, endowments, and retirement plans with its portfolio offerings.
Launched on January 2, 2018, as part of Arrow Funds' expansion into international equity strategy ETFs alongside the Arrow DWA Country Rotation ETF, DOGS has maintained a small asset base of approximately $3.37 million as of recent data. In 2020, the fund faced operational challenges, with reports indicating it had gone out of business as of May 15, though it continues to be quoted and traded on exchanges with ongoing dividend distributions as late as 2019. No major recent partnerships, acquisitions, funding rounds, new product launches, or strategic expansions specific to DOGS or Arrow Investment Advisors have been announced within the last 1-2 years.