Money Management Executive Latest News

Transparency is a popular buzzword in the securities industry of late. It's the stock answer to what regulators want about anything that has to do with risk in financial markets.

Six days after the Securities and Exchange Commission holds a roundtable discussion regarding money market funds and systemic risk, the Investment Company Institute (ICI) will host its own one-day money market fund summit.

State Street Global Advisors has launched the SPDR Nuveen S&P High Yield Municipal Bond Exchange Traded Fund, developed in conjunction with Nuveen Asset Management, which will serve as sub-advisor. The fund seeks to track the performance of the S&P Municipal Yield Index.

BlackRock has launched the BlackRock Investment Institute, whose purpose is to provide investment insights to clients.

Job listings rose year-over-year 23% and job searches rose 10% in March, CareerBuilder said. In addition, in a recent CareerBuilder survey, 31% of full-time workers said they will look for a new position as the economy improves, and 77% said they would be receptive to a new opportunity in 2011.

Dreyfus has launched the Dreyfus India Fund, rounding out its emerging markets offerings. Dreyfus affiliate Hamon U.S. Investment Advisors, which specializes in Asian investments, will sub-advise the fund. The Dreyfus India Fund will invest in both equities and fixed income, and seek companies with strong growth potential and that are attractively priced.

Pershing is expanded its focus on the retirement market to help broker-dealers and registered investment advisors capture the rollover market, which is estimated to be $303 billion a year.

Four in 10 working Americans say they will never be able to afford to retire, a Harris Interactive survey of 1,005 adults for the American Institute of Certified Public Accountants found.

AXA Equitable has launched two new “virtual consultation” calculators accompanied with videos of licensed and experienced financial consultants to help individuals determine how much life insurance they may need and how long their retirement savings will last.

Van Eck Global has launched the Market Vectors Russia Small-Cap ETF, a fund that seeks to replicate the Market Vectors Russia Small-Cap Index.