The institutional share classes eliminate the standard 12-b 1 fee, resulting in a lower overall expense ratio, and have an investment minimum of $1 million.
The funds are the Arrow Alternative Solutions Fund (NASDAQ: ASFNX), Arrow Commodity Strategy Fund (CSFNX), Arrow DWA Balanced (DWANX), Arrow DWA Tactical Fund (DWTNX) and Arrow Managed Futures Strategy Fund (MFTNX).
“Our introduction of a new institutional share class is in direct
response to client demand as advisers seek lower-cost access to nontraditional
investment strategies such as managed futures and other alternatives,” said Day
Thomas, director of Institutional Relationships at Arrow Funds.
More information is available at http://www.arrowfunds.com.