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Investors began to return to U.S. equity and global sector equity funds in the first quarter, with U.S. diversified equity funds seeing $11.3 billion in inflows and global sector funds experiencing $14.8 billion in inflows, Standard & Poor’s said, citing Lipper data.

Waddell & Reed Financial, the Overland Park, Kansas, mutual fund complex, said it earned $45.6 million, or $0.53 per diluted share, in the first quarter.

The Bloomberg Consumer Confidence Index climbed for the fourth straight month, reaching -42.6, the best reading since the end of February.

PIMCO is planning to launch a Total Return bond exchange-traded fund that will be managed by Bill Gross and disclose its holdings daily rather than monthly, a filing with the Securities and Exchange Commission shows.

Nearly one in five Americans, 19%, have drawn on their retirement savings in the past year to cover emergencies, a survey of 1,004 adults by Princeton Survey Research Associates International for Bankrate in early April found.

Exchange-traded funds are likely to grab a “significant” share of the 401(k) market in coming years, according to Skip Schweiss, president of TD Ameritrade Trust Co.

Eighty-five percent of buy-side firms are unprepared for regulatory changes, a survey by MoneyMate, a data management firm, found.

The Egyptian stock market shut down Jan. 27, with street protests leading eventually to the overthrow of the government led for more than three decades by Hosni Mubarak. The question? When would the market re-open? And what would happen to the securities that American and other foreign institutions thought they owned?

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Morgan Stanley Smith Barney has revamped the leadership structure for its wealth management business, according to an internal memo sent by the firm's Global Wealth Management President Greg Fleming.