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American Beacon Advisors has launched the American Beacon Global Real Estate Fund, which aims to deliver high total return through a combination of current income and capital appreciation and which will be sub-advised by CB Richard Ellis Global Real Estate Securities.

Warburg Pincus will invest $230 million in Primerica, the mutual fund and life insurance sales unit of Citigroup, in return for a 23% stake, filings show.

AdvisorShares and Peritus Asset Management have just filed with the Securities and Exchange Commission to offer the Peritus High Yield ETF, an exchange-traded fund that will invest in senior and subordinated corporate debt and loans across various industries and maturities with the goal of delivering both capital appreciation and high current income.

ProShares is planning to offer four international sector and three U.S. regional banking exchange-traded funds, which will bring its stable of ETF offerings to 99.

Aging is the worst part about retirement - unless you consider the rising costs of healthcare eating into your nest egg.

Direxion has launched a pair of long and short exchange-traded funds linked to the performance of short-term U.S. Treasuries, the Direxion Daily 2-Year Treasury Bull 3x Shares and the Direxion Daily 2-Year Treasury Bear 3x Shares. The funds are linked to the one-security NYSE Current 2-Year U.S. Treasury Index.

Ten of Vanguard’s index funds and corresponding exchange-traded fund share classes are now linked to updated MSCI 25/50 sector indexes that have expanded their concentration of holdings to comply with IRS diversification rules.

Direxion, in conjunction with sub-advisor IPOX Capital Management, has launched the Direxion Long/Short Global IPO fund, which will provide retail investors with institutional-style access to investment opportunities in the global initial public offering and spin-off market. The long portion of the portfolio will invest in promising IPOs one year old or less, and the short portion will seek out stocks in their second to fourth year that are expected to underperform.

Sales declined 11% from the previous quarter and 40% from a year earlier.

As the race to rake in breakaway brokers continues to heat up, it seems that independent broker-dealers, are failing to spend on the areas of technology that matter most to independent advisors: customer relationship management and integration.

Despite ongoing litigation, less than stellar ratings and continued losses on structured finance products, MBIA Inc. managed to post positive net income last year.

529 college savings plans have attracted $100 billion in 11 million accounts, roughly a quarter of the money parents in the U.S. have set aside for their child’s education. But that’s far short of the hundreds of billions of dollars asset management firms expected them to attract.

The longtime chairman of Brookline Bancorp in Massachusetts resigned late last month after his board voted to reject a buyout offer, but he did not leave quietly.

Issue is less where it is housed than how much power it has

Merrill Lynch veteran Tom Isaacs is still waiting to see if Merrill will enforce a 60-day leave clause.

At a luncheon, which honored 13 women for their work with New York charities, BofA's Sallie Krawcheck talked about her devotion to the scholarship fund she set up for her childhood prep school.

Total assets in exchange-traded funds fell 5.8%, or $45 billion, in January from a month earlier, according to monthly data from State Street.

Mutual funds brought in $377 billion in assets last year, while exchange-traded funds attracted $104.1 billion and separately managed accounts garnered $80 billion, according to Morningstar’s Fund Flows and Investment Trends 2009 Annual Report.

Hedge fund assets grew last year to $1.96 trillion, levels not seen since the pre-crisis days of 2007, according to Hennessee Group LLC, an adviser to hedge fund investors.

Financial advisers are looking forward to 2010. In fact, 68% recently surveyed define their 2010 business mindset as one of acceleration and growth. Curian Capital LLC, an indirect subsidiary of Prudential, surveyed more than 1,800 independent financial advisers in an effort to gauge how the market downturn impacted their practices during 2009, and determine how it will shape their priorities for the year ahead.