Arrow Investment Advisors [see profile] has filed with the Securities and Exchange Commission to launch the ArrowShares Global Yield ETF, which is based on the Global Yield Index.

The new offering will have exposure to fixed income securities, equities and REITs, royalty income trusts, as well as MLPs. William Flaig will PM the fund, which didn't disclose its fee structure or date of launch. The fund shop's plans for alternative and commodities-based exchange-traded notes was reported by InvestmentNews earlier in the year.

IndexUniverse also reported on the new ETF.  

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