Western Asset Prem Inst Liq Res Cap (WAAXX) | 5.46 |
DWS ESG Liquidity Inst (ESGXX) | 5.42 |
State Street Inst Liq Reserve Prem (SSIXX) | 5.41 |
Allspring Heritage Select (WFJXX) | 5.40 |
Federated Hermes Inst MM Mgmt IS (MMPXX) | 5.39 |
Allspring MMF Prm (WMPXX) | 5.39 |
Morgan Stanley IL Liq MMP Wealth (MWMXX) | 5.37 |
First American Ret Prime Obligs X (FXRXX) | 5.37 |
Invesco Premier Investor (IMRXX) | 5.37 |
UBS Prime Preferred Fund (UPPXX) | 5.37 |
Federated Hermes Muni Obligs WS (MOFXX) | 3.54 |
Allspring Nat T-F Prem (WFNXX) | 3.36 |
Vanguard Municipal MMF (VMSXX) | 3.31 |
Fidelity Inv MM: Tax Exempt I (FTCXX) | 3.30 |
Dreyfus National Muni MMF Prem (DMHXX) | 3.26 |
The Investment Company Institute, the trade group for the mutual fund industry, published its latest weekly "Money Market Fund Assets" report and its latest monthly "Trends in Mutual Fund Investing" and "Month-End Portfolio Holdings of Taxable Money Funds" for February 2024 on Thursday. The former shows money market mutual fund assets inching lower to $6.041 trillion in the latest week after a big decline the previous week, which included the March 15 quarterly corporate tax date. MMF assets are up by $154 billion, or 3.3%, year-to-date in 2024 (through 3/27/24), with Institutional MMFs up $41 billion, or 1.3% and Retail MMFs up $114 billion, or 6.8%. Over the past 52 weeks, money funds have risen a massive $843 billion, or 16.2%, with Retail MMFs rising by $530 billion (28.3%) and Inst MMFs rising by $312 billion (9.4%).
MFI PDF March 2024 Issue |
Largest Money Fund Managers |
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The March 2024 issue of Money Fund Intelligence features: "WisdomTree, XD Attempt Digital, Blockchain MMFs," which covers new money funds using blockchain technology; "FSB Reviews Global Money Fund Reforms; FHI’s 10-K," which quotes from the regulatory discussion outside the U.S.; and, "Examining the Shift in Fed Repo to T-Bills, Other Repo," which reviews the dramatic shift in MMF portfolios. Each monthly issue of Money Fund Intelligence features news, performance information and rankings on money market mutual funds. Statistics include: assets, weighted average maturity, weighted average life, expense ratio, 7-day yield, 30-day yield, 1-year, 3-yr, 5-yr, 10-yr, and since inception return, as well as 7- and 30-day gross yields. MFI also contains tables of the top-yielding and the largest money funds, and our benchmark Crane Money Fund Indexes. Subscriptions are $500 a year, and include online access to archived issues and additional features. Bulk discounts and site licenses are available. Write info@cranedata.com or call 1-508-439-4419 to subscribe or to request more information. |
The table below is excerpted from our monthly spreadsheet product, Money Fund Intelligence XLS. It shows the largest money market mutual fund managers as of Feb. 29, 2024. (MFI XLS contains percentile rankings, fund family rankings, MNAVs, WLA, portfolio composition, and more). |
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Crane Data is a money market and mutual fund information company founded by Peter G. Crane and Shaun Cutts. We collect money market mutual fund, bank savings, and cash investment performance, statistics, and information and distribute rankings, news, and indexes.
Crane Data publishes Money Fund Intelligence, Money Fund Intelligence XLS, Money Fund Wisdom, the Crane Money Fund Indexes, and a series of products tracking money markets, mutual funds and cash investments. We also produce conferences, including Crane's Money Fund Symposium. For more information and samples, e-mail info@cranedata.com or call us at 1-508-439-4419.
A Prospectus Supplement filing for the $1.2 billion Federated Hermes Money Market Obligations Trust, including the Institutional Shares (MMPXX), Capital Shares (MMLXX) and Eagle Shares (MMMXX), tells us, "On February 15, 2024, the Board of Trustees of Federated Hermes Money Market Obligations Trust approved a Plan of Liquidation for ...
A release titled, "GLMX Promotes Giglio and Wiblin as Expansion Continues" says, "GLMX, a comprehensive global technology solution for trading Money Market instruments, including repurchase agreements, ... announced [that] Sal Giglio, previously COO and Chief Markets Officer, has been promoted to President and Chief Revenue Officer. Andy Wiblin, previously Chief Product Officer, has been promoted to Global Chief Operating Officer."
Jason Straker is now a VP & Senior Sales Representative with Federated Hermes. He was previously with Western Asset.
State Street Global Advisors is seeking a Senior Portfolio Manager and Trader. Click here for details.
Get ready for Crane Data’s big show! Money Fund Symposium will be held June 12-14, 2024, in Pittsburgh, Pa. Register and make hotel reservations soon. Also, thanks to those who attended our recent Bond Fund Symposium in Philadelphia! Next year's BFS will be held March 27-28, 2025 in Newport Beach, Calif. Mark your calendars for our European Money Fund Symposium, which will be in London, Sept. 19-20, 2024, and our Money Fund University, which will be in Providence, Dec. 19-20, 2024. Conference recordings and materials are available at the bottom of our "Content" page. Watch for more details on future shows in coming months, and let us know if you'd like more information. We hope to see you in Pittsburgh in June, in London in September or in Providence in December 2024!