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Long-term mutual funds took in $1.75 billion in the week ended May 25, the Investment Company Institute said.

Citi has extended its partnership with Mirae Asset Global Investments to provide securities and fund services in support of Mirae’s existing six Mirae Asset Discovery Funds and the additional funds it will add to the family.

A new era in retirement of the unprepared is dawning, as the West’s golden age of pensions comes to an end, according to a report from HSBC Insurance Holdings, “The Future of Retirement: The Power of Planning.”

Putnam Investments has won a sub-advisor mandate for two fixed income funds from Mackenzie Investments with $1.75 billion in assets under management. The two funds are the Mackenzie Sentinel Corporate Bond Fund and Mackenzie Sentinel Registered North American Corporate Bond Fund.

Matthews International Capital Management has launched the Matthews China Small Companies Fund.

A vast majority, 86%, of the 800 institutional investors and corporate executives surveyed for BNY Mellon believe there are significant opportunities for stock market growth. However, 58% think there are major downside risks preventing them from taking advantage of those opportunities, the survey, conducted by the Economist Intelligence Unit, found.

While the outlook for the global wealth industry continued to improve in 2010, wealth managers need to refine their pricing models to best prepare for future growth, according to a new study from Boston Consulting Group.

American Century Investments has hired Peter Cieszko as senior vice president. In this newly created position, Cieszko will be responsible for all institutional and intermediary sales in North America, including wirehouses, regional and independent advisors, RIAs, banks, insurance companies, corporate and public pension plans, endowments and foundations. Reporting to Michael Green, head of global client relationships, Cieszko will join the company later this summer.

The Financial Industry Regulatory Authority issued an alert to investors to look carefully into the potential risks of nonrecourse stock-based loan programs before participating in them.

No-load mutual fund share classes, particularly those without 12b-1 fees, have become the single most important share class in mutual fund sales through intermediaries, according to a study by Strategic Insight.

The State Street Investor Confidence Index rose 6.8 point in May to 104.1, its highest reading since December. The increase was led by North American investors, among whom confidence rose 7.7 points to 106.3 from 98.6 in April. European investor confidence rose 5.2 points to 79.0 from 73.8. However, Asian investor confidence fell 2.7 points to 96.7 from 99.4.

John Hancock Funds has launched the John Hancock Hedged Equity & Income Fund, a closed-end fund that had its initial public offering on the New York Stock Exchange on Friday. This is Hancock’s tenth closed-end fund. Wellington Management is the subadvisor.

Gene Gohlke has retired as associate director for examinations in the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations after more than 35 years of public service at the SEC.

Although the unemployment rate in the U.S. is 9%, three-quarters of broker-dealers and registered investment advisors plan to hire in the next 12 months, and they plan to boost their staff by an average of 30%, Fidelity Investments found in a survey.

LITTLETON, Colo. -You can scale the outside wall of the Qwest CyberCenter here and drop down the other side into this industrial equivalent of a fortress, as a couple of national security spooks did a few years ago. But, like trying to scale a castle in the Middle Ages, you might just end up in a moat, inside.

You never know when an attack is coming. But, if you're not ready, your systems will get flooded and shut down.

Workers who participate in 401(k) plans would be greatly served if a bill that has just been reintroduced in the Senate's Committee on Health, Education, Labor and Pension is passed.

Craig M. Lewis has been named chief economist and director of the Division of Risk, Strategy, and Financial Innovation at the Securities and Exchange Commission.

Making content about their funds interactive and encouraging back-and-forth communication with customers earned Vanguard, Fidelity Investments, TIAA-CREF, BlackRock's iShares and The Hartford the top scores in Kasina's rating of asset management firm's use of social media.

Fund managers, broker-dealers, and clearing banks JP Morgan Chase and Bank of New York Mellon are hard at work to reduce the multimillion dollar intraday credit risk the two clearing banks face each day as they process tri-party repurchase agreements.