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Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Sept. 30, 2014 )
Institutional Money Funds 7-Day Yield%
BlackRock Cash Inst MMF Inst (BGIXX) 0.11
Meeder Money Mkt Fund Inst (FFIXX) 0.11
BlackRock Cash Prime Inst MMF I (BPIXX) 0.09
Deutsche Daily Assets Fund Inst (DAFXX) 0.09
Fidelity Inst MM: MM Port Inst (FNSXX) 0.09
Retail Money Funds 7-Day Yield%
Schwab Cash Reserves Fund (SWSXX) 0.06
Meeder Money Mkt Retail (FFMXX) 0.06
RBB Sansome Street MM (SANXX) 0.04
PNC Money Market A (PEAXX) 0.03
HSBC Inv Prime Money Mkt A (REAXX) 0.03
Tax Exempt Money Funds 7-Day Yield%
FFI Inst Tax Exempt (MLEXX) 0.03
Alpine Municipal MMF Y (AMUXX) 0.02
BlackRock Liq MuniFund Ad (BIAXX) 0.02
Western Asset Inst Tax Free Res Inst (CIFXX) 0.02
PNC OH Muni MMkt I (PYIXX) 0.02

Money Market News

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Money fund assets jumped for the second straight month in September, rising by $28.0 billion after a jump of $34.0 billion in August. Since the SEC passed its latest Money Fund Reforms in July, assets have increased by $55.4 billion. Crane's Money Fund Intelligence Daily shows that month-to-date through September 29, total money fund assets have increased by $28.0 billion (assets dropped $2.1 billion yesterday, a much smaller than normal drop for quarter-end), while ICI's latest "Trends in Mutual Fund Investing, August 2014" shows that total money fund assets increased by $34.0 billion in August to $2.581 trillion. (ICI's monthly statistics show that MMF assets decreased by $16.1 billion in July, dropped $17 billion in June, and increased $3.8 billion in May.) For the 12 months through 8/31/14, ICI's monthly series shows money fund assets down by $49.7 billion, or 1.5%. Below, we review recent asset flows, ICI's latest Trends report, and ICI's monthly Portfolio Composition figures.

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Inside Money Fund Intelligence

MFI PDF September 2014 Issue

Largest Money Fund Managers

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The September 2014 issue of Money Fund Intelligence features: “MMF Assets Jump in August; SEC Reforms Loom in 10/16,” which discusses how MMF assets have increased since new regulations were passed; “IMMFA's Susan Hindle Barone on MMFs in Europe,” our monthly "profile" with the Secretary General of the Institutional Money Market Fund Association; and, “MFI Intl Review: Sterling, USD MFs Gain; Euro Down,” which looks at assets, market share, and trends among "offshore" money market funds.

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.

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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 August 31, 2014. (MFI XLS contains percentile rankings, fund family rankings, "shadow" NAVs, portfolio composition, and more).

Excerpt from MFI XLS

About Crane Data LLC

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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.

People

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Sep 09
Carter Joins JPMorgan CALM

Online money market fund "portal" veteran John Carter has joined JP Morgan in its Cash & Liquidity Markets (CALM) group focusing on international business.

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Aug 06
Wells Seeks Fund Sales

Wells Fargo Funds Management Group is looking for an Associate Director (wholesaler) for their Liquidity Management Solutions team, based out of San Francisco. To apply and learn more, visit www.wellsfargo.com/careers and search for Requisition 5022611.

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Jul 25
UBS Hires Finch for EAMA

UBS Global Asset Management hired James Finch as Head of Global Liquidity Management, EMEA. Finch is based in London and reports to Joe Abed, Head of Global Liquidity Management.

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Crane Data News & Features

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Crane's Money Fund University

Crane Data's next "basic training" money market mutual fund course, Money Fund University, will take place Jan. 22-23, 2015, in Stamford, Conn. (Visit www.moneyfunduniversity.com for details and to register.) Contact us for sponsorship info or speaking opportunities. Also, thanks to those who supported our second annual European Money Fund Symposium, will was held Sept. 22-23, 2014, in London. Our next European Money Fund Symposium will be in Dublin Sept. 24-25, 2015. (Visit www.euromfs.com for details and to register.) Finally, the next Crane's Money Fund Symposium, our big show, will be June 24-26, 2015, in Minneapolis, Minn. Contact us for more details about these events or to request the latest PDF brochures. We hope to see you in Stamford, Minneapolis or Dublin in 2015!