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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.

Complete coverage of these managers and their programs will be available in the magazine’s upcoming May issue, and an awards ceremony will be held May 17 at Bobby Van’s Steakhouse in New York.

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.

The company's net income and revenue soared in the first quarter as the economy improved and investors moved off of the sidelines.

Vanguard's Jack Bogle argues for more competition.

Armed with stronger deposit growth, higher fee-based income and lower credit costs, BofA’s global wealth and investment management net income increased 22% from a year earlier. Revenue rose 11% to $4.5 billion.

The insurer signed a 5-year deal with IBM to transition its virtual desktop cloud environment to IBM's Smart Business Desktop Cloud solution.