2008-03-17 23:43:08 -
- Please replace the release dated March 12, 2008 with the following corrected version due to multiple revisions.
The corrected release reads:
AAM ANNOUNCES NEW STRUCTURED PRODUCTS LINKED TO THE BNP PARIBAS SPECTRUM LONG/SHORT INDEX
Advisors Asset Management (AAM), a leading investment solutions partner for financial professionals, and BNP Paribas have entered into an agreement whereby AAM
will distribute structured products linked to the BNP Paribas Spectrum Long/Short Index.
The BNP Paribas Spectrum Long/Short Index (Bloomberg: SPBNP8ER <Index>) is a proprietary index published by Standard & Poor's. The index employs a market-neutral strategy designed to enhance portfolio diversification and performance. Inspired by the observation that investment trends in the market tend to persist, the Spectrum Long/Short Index aims to capitalize on both positive trending indices and negative trending indices. By incorporating short investing in the index, the Spectrum Long/Short Index hopes to generate absolute returns from the appreciation of the strategy.
"We are excited about combining the expertise of product innovation that BNP Paribas provides with the successful structured product distribution strategy that AAM uses," said Randy Pegg, Executive Vice President of AAM. "It is our goal to bring timely and innovative financial solutions to the marketplace for advisors and broker dealers. The ability to offer access to the Spectrum Long/Short Index utilizing a structured product investment vehicle can provide investors with the best of both worlds."
About Advisors Asset Management
Advisors Asset Management (AAM) is a division of Fixed Income Securities, Inc. (FIS), a broker/dealer, member FINRA, SIPC and SEC registered investment advisor. AAM is a comprehensive investment resource for financial professionals, providing their partner/clients with extensive portfolio support services and efficient access to the fixed income and equity markets. AAM specializes in providing timely investment solutions, including Unit Investment Trusts and Structured Products as well as Separately Managed Account services. Established in 1979, AAM has nine major offices across the nation and partners with more than 75 broker/dealers (25,000 registered reps), 2,500 independent registered advisors, and 175 street accounts which includes small and regional BDs and wirehouses. Further information about investment solutions offered by AAM, please visit: www.AAMsecurities.com.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in global banking and financial services and is one of the strongest banks in the world according to Standard & Poor's. The group is present in over 85 countries, with almost 163,000 employees, including near 127,000 in Europe and 15,000 in the US. The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe in all of its business lines, the bank's two domestic markets in retail banking are France and Italy. BNP Paribas also has a significant presence in the United States and strong positions in Asia and the emerging markets.
Contact for AAM :
BackBay Communications
Philip Nunes, 617-536-0366
phil.nunes@backbaycommunications.com
or
Contact for BNP Paribas :
BNP Paribas Media Relations, New York
Kerrie McHugh, 212-841-3809
kerrie.mchugh@us.bnpparibas.com