Previously in Fund Action

• Advisors Use More Build America Bonds

  Financial advisors are using more Build America Bonds. "Over the next couple of years, it's going to continually become a bigger playing field for the adviser," said Matt Dalton, ceo of Belle Haven Investments. "They're just getting started with these bonds." (The Wall Street Journal)

• Hancock Names Investment-Only Exec

  John Hancock Funds has named Aylmer Magill managing director of investment-only sales for the Southeast. He reports to senior managing director Gene Huxhold.

• BlackRock Emerging Markets ETF Outplaces Rival

  BlackRock's iShares MSCI Emerging Markets Index Fund posted greater inflows than the Vanguard Emerging Markets ETF last month, the first time the BlackRock fund has outpaced its rival since October. David Nadig, director of research at IndexUniverse, said active management may have spurred the recent inflows. (InvestmentNews)

• Neuberger Berman Names Distribution Exec

  Neuberger Berman named William Barnes senior v.p. in institutional distribution, focused on public funds. He will be based in San Francisco and report to Carter Reynolds, managing director. (PlanAdviser)

• Invesco, Deutsche Bank Launch ETNs

  Invesco PowerShares Capital Management and Deutsche Bank have launched two exchange-traded notes linked to CBOT Ultra T-Bond futures. The PowerShares DB 3x Long 25+ Year Treasury Bond ETN and the PowerShares DB 3x Short 25+ Year Treasury Bond ETN offer leveraged long or short views on the Ultra Bond futures. (PlanAdviser)

• Lincoln Names National 401(k) Sales Manager

  Lincoln Financial Distributors named Peter Sims national sales manager for its 401(k) business. He reports to John Kennedy, head of retirement solutions distribution. Sims will focus on growth across the third-party administrator, independent planner, bank and financial advisor businesses. (PlanAdviser)

• Schneider Downs To Change Name

  Schneider Downs Wealth Management Advisors is changing the name of its retirement plan division. The independent investment advisory firm said the division will be called SD Retirement Plan Solutions. The name change is effective July 1. (PlanSponsor)

• Segal Hires Leader For Publc Sector Retirement

  Segal Company has hired Kim Nicholl as leader of the firm's national public sector retirement practice, working out of the Chicago office. She was most recently managing director of public sector retirement consulting for PricewaterhouseCoopers. (PlanSponsor)

• BlackRock: ETFs Best Suited For Small Plans

  BlackRock’s executives in charge of iShares believe exchange-traded funds are best suited for small retirement plans with about $50 million or less in assets. Small plans are most impacted by cost savings and increased selection provided by using ETFs, Christine Hudacko, spokeswoman, told FA.

• SRI Fund Says ‘No’ To Too-Big-To-Fail Banks

  The $133 million Appleseed Fund is sending a message to banks: if you’re too big, you won’t make it into the portfolio.