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Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Oct. 23, 2014 )
Institutional Money Funds 7-Day Yield%
Meeder Money Mkt Fund Inst (FFIXX) 0.11
BlackRock Cash Inst MMF Inst (BGIXX) 0.11
Fidelity Inst MM: MM Port Inst (FNSXX) 0.09
BlackRock Cash Prime Inst MMF I (BPIXX) 0.09
Deutsche Daily Assets Fund Inst (DAFXX) 0.08
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
HSBC Inv Prime Money Mkt A (REAXX) 0.03
PNC Money Market A (PEAXX) 0.03
Tax Exempt Money Funds 7-Day Yield%
Western Inst AMT Free Muni Inst (INMXX) 0.04
FFI Inst Tax Exempt (MLEXX) 0.03
Western Asset Inst Tax Free Res Inst (CIFXX) 0.02
BlackRock Liq MuniFund Ad (BIAXX) 0.02
Alpine Municipal MMF Y (AMUXX) 0.02

Money Market News

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Post-reforms, the money market fund industry will certainly look different than it does now. In a recent webinar called "Investment Policy Decisions and Amendments, Post Money Fund Reform," a panel of experts discussed what some of those changes might look like. The webinar was hosted by StoneCastle Cash Management with support from Fitch Ratings, PIMCO, and iTreasurer. It was moderated by Ted Howard, managing editor, iTreasurer, and featured presentations by Roger Merritt, Managing Director, and Greg Fayvilevich, Director, Fitch Ratings; Brandon Semilof, Managing Director, StoneCastle; and Brian Leach, Product Manager, PIMCO. We review the webinar below, and we also mention some recent merger and consolidation news. (Note: Monday, Oct. 27 is also the deadline for comments on the Treasury and IRS's Proposed Rule, "Money Market Funds: Method of Accounting for Gains and Losses on Shares and Broker Returns with Respect to Sales of Shares," which accompanied the SEC's recent Money Fund Reforms. See our July 30 News, "Reform Floating NAV Accounting Issues Addressed by Treasury Proposal". No comments have been posted to date, but we will review these if and when they are released.)

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Inside Money Fund Intelligence

MFI PDF October 2014 Issue

Largest Money Fund Managers

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The October 2014 issue of Money Fund Intelligence features: “Rates, Reforms Driving Money Fund Consolidation, Changes,” an update of fund liquidations and consolidation; “Euro Symposium Recap: Turn Challenges into Opportunities,” a look at the highlights from Crane's European Money Fund Symposium; and, “Record Low Expenses, High Waivers, Fee Recapture,” which explores fee waivers, low expenses and the possibility of "recapture" as interest rates rise.

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 Sept. 30, 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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Oct 06
Barclays Team Now at Guggenheim

Bill Lista, Jeff Palermo, Jim Powers, Ed Rovegno, and Garrett Roberts have joined Guggenheim Securities "to bolster its money-market and other short-duration sales and trading business." They all previously worked at Barclays (except Powers, who was at CS), and will report to Senior MD & Head of Rates Robert Boyd.

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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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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. 17-18, 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!