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Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of April 20, 2014 )
Institutional Money Funds 7-Day Yield%
Meeder Money Mkt Fund Inst (FFIXX) 0.11
BlackRock Cash Inst MMF Inst (BGIXX) 0.10
Fidelity Inst MM: MM Port Inst (FNSXX) 0.09
DWS Daily Assets Funds Inst (DAFXX) 0.08
American Beacon MM Select (ASRXX) 0.08
Retail Money Funds 7-Day Yield%
Schwab Cash Reserves Fund (SWSXX) 0.06
Meeder Money Mkt Retail (FFMXX) 0.06
BofA Cash Reserves Daily (NSHXX) 0.04
Invesco Prime Private (SPVXX) 0.03
PNC Money Market A (PEAXX) 0.03
Tax Exempt Money Funds 7-Day Yield%
Alpine Municipal MMF Y (AMUXX) 0.04
Western Asset Inst AMT Free A (INMXX) 0.04
BMO Tax-Free MMF I (MFIXX) 0.03
FFI Inst Tax Exempt (MLEXX) 0.03
Invesco Tax-Free Cash Res Corp (TFOXX) 0.03

Money Market News

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Recently, attorneys Melanie Fein and Raymond Natter wrote a memo on behalf of Federated Investors to the Board of Governors of the Federal Reserve System entitled, "Regulation YY - Request for Determination that Federated U.S. Treasury Cash Reserves, Federated Treasury Obligations Fund, and Federated Government Obligation Fund are Highly Liquid Assets." They comment, "We are writing on behalf of Federated Investors, Inc. to request a determination by the Board of Governors that shares of the following money market funds sponsored and advised by Federated Investors, Inc. are "highly liquid assets" for purposes of the liquidity buffer required to be maintained by large bank holding companies and foreign banking organizations with U.S. operations under sections 252.35(b) and 252.157(c) of Regulation YY: Federated U.S. Treasury Cash Reserves which holds only U.S. Treasury securities; Federated Treasury Obligations Fund which holds only U.S. Treasury securities and repurchase agreements collateralized by such securities; and Federated Government Obligations Fund which holds only U.S. Treasury securities, securities issued or guaranteed by U.S. government agencies and government-sponsored enterprises, and repurchase agreements collateralized by such securities. The Funds are managed by Federated Investors, Inc., one of the largest investment managers in the United States with $376.1 billion in assets under management as of December 31, 2013."

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Inside Money Fund Intelligence

MFI PDF April 2014 Issue

Largest Money Fund Managers

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The April 2014 issue of Money Fund Intelligence features: “More Talk, No Action Yet on Pending MMF Reforms," which reviews recent SEC speeches and comments on pending regulations; "Plaze Says Doing Nothing Better Than SEC Proposals," which interviews Stroock Partner and former SEC Deputy Director Bob Plaze; and, “Global MF Growth Led by China, US; EU Buffer Dies,” which reviews the growth of global money fund markets.

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 March 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.

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Apr 15
Holland Moves Up at Schwab

Rick Holland is now leading Charles Schwab Investment Management's Money Fund Product team. Andrew Tong, Ryan Utsumi, Roanne Andrade and Ellen Lee now report to Rick, who reports to John Sturiale, SVP of Product Management.

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Apr 10
SS Fund Connect Looking

State Street's Fund Connect Platform is seeking an Internal Sales Representative for its online money fund trading "portal". Go to www.statestreet.com/careers and search for job number 88631 for more info.

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Apr 08
Square 1 AM Seeks PM

Square 1 Asset Management, a subsidiary of Square 1 Bank, is seeking an experienced short term fixed income portfolio manager in their San Francisco office. E-mail Lea Coats or see their post on LinkedIn for more information.

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Crane Data News & Features

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Crane's Money Fund Symposium

Crane Data’s “big show” for 2014, our Money Fund Symposium, will be held at the Boston Renaissance Waterfront Hotel, June 23-25. The agenda is now up and registrations are being accepted at www.moneyfundsymposium.com. We will also host our second annual European event on Sept. 22-23, 2014, in London at the London Tower Bridge Hilton. (Visit www.euromfs.com for details and watch for the agenda soon.) Contact us for more details about these events or to see our latest PDF brochure. Finally, thanks to those who attended Crane Data's "basic training" money market mutual fund course, Money Fund University, recently in Providence. Our next University event will take place Jan. 22-23, 2015 in Stamford, Conn. (Visit www.moneyfunduniversity.com for more details.) Contact Pete for sponsorship info or speaking opportunities. We hope to see you in Boston this summer!