| Meeder Money Mkt Fund Inst (FFIXX) | 0.15 |
| BlackRock Cash Inst MMF Inst (BGIXX) | 0.14 |
| Fidelity Instit MM: MM Port Inst (FNSXX) | 0.13 |
| Oppenheimer Inst MM E (IOEXX) | 0.13 |
| American Beacon MM Select (ASRXX) | 0.12 |
| Meeder Money Mkt Retail (FFMXX) | 0.08 |
| Schwab Cash Reserves Fund (SWSXX) | 0.06 |
| PNC Money Market A (PEAXX) | 0.05 |
| DWS CAF Preferred MMP (CAQXX) | 0.05 |
| Northern Instit Prime Oblig Svc (NPCXX) | 0.05 |
| BMO Tax-Free MMF I (MFIXX) | 0.14 |
| BlackRock Liq MuniCash Inst (MCSXX) | 0.09 |
| Alpine Municipal MMF Y (AMUXX) | 0.08 |
| Federated Municipal Obligs IS (MOFXX) | 0.07 |
| JP Morgan Municipal MM Inst (IJMXX) | 0.07 |
In late April, we excerpted from the Financial Stability Oversight Council's (FSOC's) "2013 Annual Report," which contained a section on "Money Market Funds" (see our April 26 News "FSOC Report Comments on MMF Reform, Will Stand Down if SEC Moves"). Today, we reprint the report's sections on "Wholesale Funding Markets." FSOC writes, "Short-term wholesale funding markets provide financial intermediaries with funds that supplement retail deposits and long-term debt issuance. These funds include large time deposits, certificates of deposit, repurchase agreements (repos), and commercial paper. Sources of funds in these markets are largely wholesale cash pools, including cash on the balance sheets of nonfinancial companies, reinvestments of cash collateral from securities lending, and cash held by long-term mutual funds, money market mutual funds, pension funds, and sovereign wealth funds. These sources of funds have grown markedly as a percentage of GDP over the past two decades, although this percentage has been declining since early 2008 [note: references to charts have been removed in our excerpt, but see pages 64-67]. Cash on nonfinancial corporate balance sheets, in particular, has been growing at an accelerating rate, a pattern that continued through the fourth quarter of 2012."
MFI PDF May 2013 Issue |
Largest Money Fund Managers |
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The May 2013 issue of Money Fund Intelligence features: "Crane Data Celebrates 7th Year; Wait for Regs Goes On," which talks about our latest birthday and possibly pending regulations; "Dreyfus Still Roaring at 40 Years; Cardona & Larkin," which interviews two money fund industry veterans; and, "ICI's 2013 Fact Book Analyzes MMF Trends," which excerpts from the Institute's latest research. 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 remain $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 April 30, 2013. (MFI XLS contains percentile rankings, fund family rankings, "shadow" NAVs, 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 press release posted Friday, entitled, "Federated Investors, Inc. Earns Institutional Investor Award," says, "Federated Investors, Inc., one of the nation's largest investment managers, today announced that it has been recognized by Institutional Investor magazine in their annual U.S. Investment Management Awards. Federated was recognized in the Cash ...
Money fund industry veteran Paul Rice is the new Managing Director, Americas, at MyTreasury, a unit of ICAP Group.
Mary Jo White was confirmed by the U.S. Senate as Chairman of the U.S. Securities & Exchange Commission.
American Century Investments has promoted Senior Fixed Income Trader Le Tran to Portfolio Manager. Tran will co-manage the American Century Tax-Free Money Market and American Century CA T-F MMF funds.
We hope to see you at our 5th annual Crane's Money Fund Symposium ($750), which will take place June 19-21, 2013, at The Baltimore Hyatt Regency. Contact us for more details about the event and the latest agenda, or visit the website to register. (Make your hotel reservations asap via the symposium website!) Crane Data is also launching European Money Fund Symposium, which will take place at the Conrad Dublin on Sept. 24-25, 2013. Visit www.euromfs.com for the agenda and more details. Finally, mark your calendar for next year's Money Fund University, which will be held January 23-24, 2014, at the Providence Renaissance, and our 2014 Money Fund Symposium, which will be held at the Renaissance Boston (June 23-25).
Crane Data's premium website and product suite, Money Fund Wisdom, has added a new feature, the Money Fund Portfolio Laboratory. Using our monthly (and soon weekly) Money Fund Portfolio Holdings collection, subscribers may analyze and x-ray aggregate money market mutual fund holdings by country, issuer, maturity, and fund. E-mail info@cranedata.com to request trial access. Look for our Wisdom upgrade soon too!