SOURCE: Arrow Funds

July 25, 2006 09:08 ET

Dorsey Wright & Associates (DWA) Partners With Arrow Funds

Premier Product Is Scheduled to Launch in Early August

OLNEY, MD -- (MARKET WIRE) -- July 25, 2006 -- Arrow Funds and Dorsey Wright & Associates (DWA) are pleased to announce that they have joined forces in the creation of a balanced investment strategy within a Fund of Funds structure. The new product, set to launch in early August, will be the industry's first exchange traded fund-based Fund of Funds that is managed exclusively by DWA utilizing technical analysis.

Recently launched, Arrow Funds is comprised of highly experienced management who were formerly with leading financial firms including Rydex Investments and Fidelity Investments. Arrow Funds is dedicated to providing product research and solutions geared toward financial intermediaries. The firm's founders have extensive experience in the creation and distribution of mutual funds, variable trust funds, exchange traded funds (ETFs) and wrap programs.

"We are truly thrilled to have the opportunity to partner with Dorsey Wright," says Noah Hamman, President & CEO, Arrow Funds. "Their reputation precedes them as industry innovators and leaders in the technical analysis space and their expertise will play a critical role in the success of our upcoming product solutions."

Arrow Funds selected DWA as the portfolio manager for its premier product due to DWA's exemplary portfolio management strategies, technical analysis and widely recognized research. "The ETF market has been growing at an extremely rapid pace for some time now, due in large part to its lower cost structure and trading flexibility," says Tom Dorsey, Co-Founder of DWA. "Our partnership with Arrow Funds will allow us to provide investors with yet another way to gain access to these vehicles, while taking advantage of the benefits that technical analysis can bring to an investor's portfolio."

About Arrow Funds

Arrow Investment Advisors, LLC, the advisor to Arrow Funds, is an investment management firm dedicated to providing education, research and product solutions to the financial intermediary community. Arrow Funds identifies and develops products by offering investment strategies that enhance returns and mitigate risk. The firm is committed to delivering superior performance while providing the highest level of customer service. To learn more about Arrow Funds, please visit www.arrowfunds.com.

About Dorsey Wright & Associates

DWA is an independent and privately owned registered investment advisory firm whose business includes two areas: professional management and investment research services for numerous broker-dealers and large institutions around the world. The cornerstone of its investment strategy is technical analysis. The firm has provided technical research for almost 20 years. To learn more about DWA, please visit www.dorseywright.com.

For more information about Arrow Funds please contact Joseph Barrato: 301-260-0162 or joe@arrowfunds.com

An investor should consider the Fund's investment objective, risks, charges, and expenses carefully before investing. This and other information about Arrow Funds is contained in the fund's prospectus, which can be obtained by calling 1-877-Arrow-FD (877-277-6933). Please read the prospectus carefully before investing. Distributed by Aquarius Fund Distributors, LLC.