- Sector
- Financial Services
- Industry
- Asset Management
- Address
- DE United States of America
- IPO Date
- Oct 1, 2014
- Business
- Arrow DWA Tactical: Macro ETF (DWAT) is an actively managed exchange-traded fund that seeks long-term capital appreciation with capital preservation as a secondary objective through a tactical global macro strategy. The fund, issued by Arrow Investment Advisors LLC, provides exposure to domestic and international equities (including emerging markets), fixed income securities (corporate, government, and agency bonds), and alternative assets such as commodities, currencies, and real assets; it employs long and short positions, derivatives like futures, and inverse exposure, with short or inverse equity allocations generally not exceeding 30% and individual alternative strategies capped at 30%. Core strategies monitored include U.S. style and sector rotation, international rotation, global dividend and alpha, global inverse equities; global inflation, U.S. Treasury rotation, and global income fixed income; and commodity rotation, currency rotation, and global REIT alternatives.
DWAT operates globally with primary exposure to U.S., international developed, and emerging markets across its asset segments. Arrow Investment Advisors LLC, founded in 2006 and headquartered in Laurel, Maryland, serves as the investment adviser and offers targeted portfolio solutions including this ETF among its suite of actively managed funds. The fund, with CUSIP 0427657921, lists on the CBOE exchange and carries a net expense ratio of 1.81% as of early 2025.
In a significant recent development, Arrow Investment Advisors announced the closure of DWAT on June 13, 2025, following a review of market demand, with the fund's last trading day on June 23, 2025, and final liquidation and distribution to shareholders on June 27, 2025. Prior to closure, the ETF maintained total net assets of approximately $2.36 million and traded at around $11.78 per share as of February 27, 2025. No major partnerships, acquisitions, or new product launches specific to DWAT or Arrow Funds were reported in 2024-2025 beyond this operational wind-down.