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Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of March 30, 2015 )
Institutional Money Funds 7-Day Yield%
Morgan Stanley Inst Liq MMP I (MPUXX) 0.13
Fidelity Inst MM: MM Port I (FNSXX) 0.13
BlackRock Cash Inst MMF Inst (BGIXX) 0.13
Federated Money Mkt Mgmt IS (MMPXX) 0.12
BlackRock Cash Prime MMF Inst (BPIXX) 0.12
Retail Money Funds 7-Day Yield%
Meeder Money Mkt Retail (FFMXX) 0.06
Schwab Cash Reserves Fund (SWSXX) 0.06
Delaware Cash Reserve A (DCRXX) 0.05
Invesco STIC Prime Personal (AIM22) 0.04
Huntington Money Mkt Fund (HFIXX) 0.04
Tax Exempt Money Funds 7-Day Yield%
Western Inst AMT Free Muni Inst (INMXX) 0.03
Western Asset Inst Tax Free Res I (CIFXX) 0.02
BlackRock Liq MuniFund I (MFTXX) 0.02
Western Asset Tax Free Res A (LWAXX) 0.02
FFI Instit Tax Exempt (MLEXX) 0.02

Money Market News

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ICI's latest "Trends in Mutual Fund Investing" shows that total money fund assets decreased by $13.9 billion, or 0.5%, to $2.678 trillion, in February 2015. It was the second straight month of declines as assets dropped $33.4 billion in January (after increasing by $81.4 billion in December, $21.1 billion in November, $19.2B in October, and $22.7B in September). Money fund assets are roughly flat month-to-date in March, though, according to Crane Data's Money Fund Intelligence Daily, which shows assets down a mere $194 million through March 27. (Year-to-date through March 25, money market funds are down $44 billion, according to ICI's latest weekly "Money Market Fund Assets" report.) We review ICI's latest monthly "Trends," as well as its latest Portfolio Composition figures, below. ICI's latest "Month-End Portfolio Holdings of Taxable Money Funds" verified our previously reported sizable decreases in Agencies and TDs, and increases in Repo, CDs, and CP, in February. (See Crane Data's March 11 "News", "March Portfolio Holdings Show Drop in Agencies, TDs; Repo, CP Up.")

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Inside Money Fund Intelligence

MFI PDF March 2015 Issue

Largest Money Fund Managers

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The March 2015 issue of Money Fund Intelligence features: “Money on the Move? Keeping Up With Pending Changes,” which estimates how much money will shift to various fund types and discusses other changes in the money fund world; “JP Morgan Sticks to Program; Announces Lineup Changes,” about how JP Morgan is standing pat with its large Prime Institutional fund; and, “Max 60-Day Maturity Funds: Federated Goes Its Own Way,” a look at how Federated is changing its fund lineup with 60-Day maximum maturity 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 Feb. 28, 2015. (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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Mar 18
Etten and Fox No Longer at ICD

Jim Etten and Scott Fox are no longer with online money fund trading portal ICD. Etten has started the firm Copper River Advisors.

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Mar 10
Sadiq Moves to Mint Partners

Adam Sadiq is now Partner & Co-Head of Liquidity Solutions at Mint Partners, a division of BGC Partners. Sadiq was formerly with SSgA in London.

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Feb 26
Keen Moves to Perkins Coie

Stephen Keen, formerly with Reed Smith, is now a Senior Counsel at Perkins Coie LLP.

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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 (bondfundintelligence.com) to go live later in 2015.

Crane's Money Fund Symposium

The conference website (moneyfundsymposium.com) is now live and we’re taking registrations ($750) for our big show, Crane's Money Fund Symposium, which is June 24-26, 2015, in Minneapolis. Mark your calendars too for our next European Money Fund Symposium ($1,000), which is in Dublin, Sept. 17-18, 2015 (visit www.euromfs.com for details and to register), and for our 2016 Money Fund University in Boston (Jan. 21-22). Contact us for more details about these events or to request the latest PDF brochures. We hope to see you in Minneapolis or Dublin later this year!