ArrowShares announces plans to offer Arrow Global Enhanced HY Bond ETF

By Toni Weeks

San Luis Obispo, Calif., May 6 - ArrowShares Exchange Traded Solutions announced its plans to offer a new high-yield fund, the Arrow Global Enhanced HY Bond ETF, according to an N-1A filing with the Securities and Exchange Commission.

The new exchange-traded fund will seek investment results that generally correspond, before fees and expenses, to the price performance of the Global Enhanced HY Bond Issuers index, which is primarily comprised of below-investment-grade bonds issued by corporations located throughout the world, including emerging market countries. The bonds may be denominated in euros, U.S. dollars, Canadian dollars or pound sterling issued in the major domestic or Eurobond markets.

William E. Flaig and Adrian Bachman will be the portfolio managers.

Management fees and total annual fund operating expenses have not yet been determined. The ticker symbol also has not been disclosed.

Olney, Md.-based Arrow Investment Advisors, LLC will serve as the fund's investment adviser.

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