The Markets May 9, 2011

Global/International Equity Funds Lead March Flows

Stock and bond funds experienced net inflows of $32.7 billion in March, according to Financial Research Corporation (FRC).
Reported by

The International/Global Equity objective posted a net inflow of $18.6 billion, followed by the corporate objective with $11.7 billion. International/Global Fixed Income saw a net $5.6 billion inflow.  

By Morningstar category, Bank Loan, World Bond, and Diversified Emerging Markets led the charge, pulling in $4.4 billion, $4.3 billion, and $4.3 billion, respectively. 

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FRC data showed the Fidelity Series High Income attracted $8.6 billion to lead the fund sales chart. BlackRock’s iShares MSCI Japan Index and the Vanguard MSCI Emerging Markets ETF rounded out the top three, with $1.9 billion and $1.8 billion in inflows, respectively. 

FRC data can be found at http://www.frcnet.com.
 

Deals & People May 9, 2011

New York Life Appoints DCIO Regional VP

New York Life Investments has appointed Al Lazaro as regional vice president, Midwest region, for its defined contribution investment only (DCIO) practice.
Reported by

He will report to Steven Dorval, managing director of defined contribution assets for New York Life Investments. He joins a team of seven DCIO professionals that focuses on selling the MainStay mutual fund family and New York Life’s stable value products into this channel.   

According to a press release, Lazaro joins New York Life Investments from Van Kampen Investments, where he served most recently as regional vice president focused on the Midwest.  Earlier in his career he worked for Evren Securities in mutual fund marketing.   

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Lazaro is a graduate of Bradley University with a BS in business administration.

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