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Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of July 31, 2015 )
Institutional Money Funds 7-Day Yield%
Deutsche Daily Assets Fund Instit (DAFXX) 0.18
Oppenheimer Institutional MM E (IOEXX) 0.16
Morgan Stanley Inst Liq MMP Inst (MPUXX) 0.16
BlackRock Cash Inst MMF Inst (BGIXX) 0.15
Federated Money Market Mgmt IS (MMPXX) 0.15
Retail Money Funds 7-Day Yield%
Meeder Money Mkt Retail (FFMXX) 0.07
Invesco STIC Prime Personal (AIM22) 0.07
Schwab Cash Reserves Fund (SWSXX) 0.06
HSBC Inv Prime Money Market A (REAXX) 0.05
Federated Money Market Mgmt CAP (MMLXX) 0.05
Tax Exempt Money Funds 7-Day Yield%
BMO Tax-Free MMF Y (MTFXX) 0.05
BMO Tax-Free MMF I (MFIXX) 0.05
Western Inst AMT Free Muni Inst (INMXX) 0.03
Western Asset Inst Tax Free Res Inst (CIFXX) 0.02
BlackRock Liq MuniFund I (MFTXX) 0.02

Money Market News

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Money market mutual fund assets jumped in July for the third month in a row, recording their strongest two-month period in a decade, while funds continue to shorten their WAMs, or weighted average maturities in preparation for a rate hike by the Federal Reserve. Below, we review out preliminary July numbers and ICI's latest "Trends in Mutual Fund Investing" for June, which shows that total money fund assets increased by $12.9 billion, or 0.5%, to $2.616 trillion last month. June was the second straight month that assets increased, and the first time MMF assets have gone up in June in almost 10 years. Money market funds jumped $38.0 billion in May after declining $80.0 billion in April, $32.9 billion in March, and $13.9 billion in February.

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Inside Money Fund Intelligence

MFI PDF July 2015 Issue

Largest Money Fund Managers

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The July 2015 issue of Money Fund Intelligence features: “Vanguard Goes Pure Retail; UBS, SSgA, MS Reveal Plans,” which explains what several of the largest managers have said recently on money fund reforms; “Anticipation, Change Focus of 7th Money Fund Symposium,” which recaps the highlights of our record breaking conference last month in Minneapolis; and, “Responding to MM Reform Questions at Crane MFS,” which features commentary from the SEC's Sarah ten Siethoff and other attorneys on reform FAQs.

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 June 30, 2015. (MFI XLS contains percentile rankings, fund family rankings, "shadow" NAVs, portfolio composition, and more).

Excerpt from MFI XLS

About Crane Data LLC

origami crane

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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Jun 30
StoneCastle Seeks Sales

StoneCastle Cash Management, LLC is seeking a Senior Institutional Sales professional with Corporate Cash Management experience. Contact Eric Lansky for more details.

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Jun 09
Cachematrix Hires Tram

Cachematrix hired Michel Tram as Head of Product Solutions. Tram reports to Ryan Kipp.

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Jun 01
Evans Now at JPMAM

Lynn Evans, formerly of BlackRock, is now a Managing Director at J.P. Morgan Asset Management.

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Crane Data News & Features

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Bond Fund Intelligence

Crane Data’s newest product, Bond Fund Intelligence, tracks the bond mutual fund marketplace with an emphasis on the ultra-short bond fund segment. BFI’s complement, Bond Fund Intelligence XLS, is a monthly spreadsheet with performance and statistics on the largest bond funds and ultra-short bond ETFs. Let us know if you'd like to learn more about these new products, and watch for our Bond Fund Intelligence website (www.bondfundintelligence.com) to go live late in 2015.

European Money Fund Symposium

Following our successful Minneapolis Money Fund Symposium, we're now gearing up for Crane's European Money Fund Symposium, which will take place in Dublin, Ireland, Sept. 17-18, 2015. (Registration is $1,000; visit www.euromfs.com for details.) Mark your calendars too for our next Money Fund University "basic training" event, which will be held in Boston (Jan. 21-22, 2016; www.moneyfunduniversity.com), and for next year's big show, Crane's Money Fund Symposium, which will be held June 22-24, 2016, in Philadelphia. Contact us for more details about these events or to request the latest PDF brochures. We hope to see you in Dublin in September or in Boston or Philadelphia in 2016!