ArrowShares Launches A New Actively Managed Fixed Income Fund

April 4, 2017 10:50am BATS:ARCM

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ETF issuer ArrowShares just launched a new fixed income exchange traded fund that’s painted as an alternative to traditional fixed income investments like money markets or bank deposits.


The Arrow Reserve Capital Management ETF (BATS:ARCM), which just started trading on Friday, March 31 on the BATS exchange, is actively managed and invests in ultra short-term maturity fixed income products. ARCM launched with initial seed assets of $6 million.

Here’s some more detail on the new fund, courtesy of ArrowShares:

Sub-advised by Halyard Asset Management, ARCM seeks to maximize returns and income potential without substantially increasing portfolio risk. The fund invests in a variety of fixed income securities that offer acceptable yield and return potential for a given level of credit risk and maturity. ARCM’s exposure has an average duration of 18 months, which may vary based on the sub-advisor’s interest rate forecast.

And here’s some more color on the type of investors and advisors the fund should appeal to:

“The current market environment has heightened the demand for compelling cash management strategies,” said Joseph Barrato, CEO and Director of Investment Strategy at Arrow. “ARCM should appeal to financial advisors and institutional investors, including funds of ETFs, who are looking for a choice beyond lower yielding money markets and non-yielding cash positions.”

We’ll be sure to circle back around and issue our own ratings on this new product once it gets some trading history under its belt. For now, you can view more information on ARCM on ArrowShares’ site.

The Arrow Reserve Capital Management ETF (BATS:ARCM) was trading at $20.02 per share on Tuesday morning, down $0 (0.00%). Year-to-date, ARCM has declined N/A%, versus a 5.05% rise in the benchmark S&P 500 index during the same period.

ARCM currently has an ETF Daily News SMART Grade of NR (Not Rated), and is ranked unranked of 19 ETFs in the Ultra-Short Term Bonds category.


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