Advisors Asset Management to distribute structured products linked to BNP Spectrum Long/Short index

By Jennifer Chiou

New York, March 13 - Advisors Asset Management announced a strategic agreement, under which it will be the distributor of structured products linked to the BNP Paribas Spectrum Long/Short index.

The index is a proprietary index published by Standard & Poor's, and it employs a market-neutral strategy designed to diversify investor portfolios and deliver superior returns, according to a news release.

The Spectrum Long/Short index provides the opportunity to capitalize on both positive trending indexes and negative trending indexes, the company said.

By incorporating short investing in the index, Advisors Asset Management said that the Spectrum Long/Short index seeks to generate absolute returns from the appreciation of the strategy.

Based in Monument, Colo., the company, a division of Fixed Income Securities, Inc., provides investment services for financial professionals.

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