Navellier Consults with Advisors Asset Management, Inc., in UIT Bond Offering.
RENO, Nev. -- Navellier, a registered investment advisor that manages about $2.5 billion in a variety of portfolios for institutional and individual clients, today announced it has been engaged by Advisors Asset Management, Inc. ("AAM") as a consultant for the identification and selection of investment-grade bonds primarily rated BBB-/Baa3 for a series of Unit Investment Trusts offered by AAM, known as the Advisors Corporate Trust - Navellier/Dial High Income Opportunities Series. The Series 1 offering was deposited on June 24, 2009. AAM anticipates offering a new series each month.
"The near collapse in financial systems has created compelling investment opportunities in fixed income, especially bonds rated BBB or lower issued by well-known companies in the United States," said Louis Navellier, CEO and CIO of Navellier.
Navellier works with Dial Capital Management, Inc., ("Dial"), whose principals have over 40 years' combined experience in corporate bond investing. Mr. T. Ole Dial has managed top-performing high-yield bond mutual funds and private equity funds for institutions and high net worth individuals for over 25 years. Prior to the launch of each UIT Series, Dial provides a list of attractive bonds from issuers that are analyzed by Navellier's research team using an extensive fundamental variable ranking system. Navellier-Dial looks for issuers that may have been oversold in the financial crisis but still show cash flow and balance sheet characteristics to support principal and interest payments.
Advisors Asset Management, Inc., a broker/dealer, member FINRA, SIPC and registered investment advisor, is an investment solutions partner for advisors and Broker/Dealers offering a vast array of financial tools, leading technologies, and industry expertise. For more information on AAM and the Navellier/Dial High Income Opportunities Series, please go to www.aamportfolios.com (http://www.aamportfolios.com/AAM/home.aspx) or contact AAM at (866) 606-7220.
Navellier & Associates, Inc., founded by Louis G. Navellier in 1987, is a registered investment advisor that manages a variety of portfolios for institutional and individual investors. For more information about Navellier, please go to www.navellier.com (http://www.navellier.com/) or contact Navellier at (800) 365-8471.
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|Date:||Jul 13, 2009|
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