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Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of April 18, 2015 )
Institutional Money Funds 7-Day Yield%
Morgan Stanley Inst Liq MMP I (MPUXX) 0.16
BlackRock Cash Inst MMF Inst (BGIXX) 0.14
Fidelity Inst MM: MM Port I (FNSXX) 0.14
Federated Money Market Mgmt IS (MMPXX) 0.13
BlackRock Cash Prime MMF Inst (BPIXX) 0.13
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
Huntington Money Mkt Fund (HFIXX) 0.04
Invesco STIC Prime Personal (AIM22) 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
PNC Tax-Exempt MM I (PXIXX) 0.02
FFI Instit Tax Exempt (MLEXX) 0.02
BlackRock Liq MuniFund I (MFTXX) 0.02

Money Market News

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Invesco released a brief letter to clients, updating them on its plans for the company's money market funds in response to SEC reforms. The main point of the message is to announce that Invesco does not plan to implement fees and gates on its government money market funds. They also state their intention to "provide our investors with a full suite of liquidity management solutions to meet their investing needs with the least amount of disruption." Also, Federated Investors announced that it has finalized its deal to acquire the assets of Reich & Tang's money market funds. Reich & Tang, the 25th largest money fund manager, declared in March that it was getting out of the money fund business due to the "challenging landscape for money funds," the company said in a news release, which we covered in our March 13 "Link of the Day," "Reich & Tang Announces Liquidation of Money Market Mutual Funds." A few days later, Federated announced that it was in negotiations with Reich & Tang to acquire its MMF assets. (See our March 17 "News," "Federated In Talks with Reich & Tang Over MMF Assets.")

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Inside Money Fund Intelligence

MFI PDF April 2015 Issue

Largest Money Fund Managers

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The April 2015 issue of Money Fund Intelligence features: “BlackRock Latest to Telegraph Changes; 7-Day Max Maturity,” which reviews big changes from the country’s third largest money fund manager, BlackRock; “Wells Fargo’s Weaver Says Clients Still Want Yield Too,” which profiles Wells Capital Management’s new head of money market funds, Jeff Weaver; and, “Deposits, FDIC ‘Amalgamators’ Growing; Going Inst,” which examines the increasing availability of FDIC insurance far above the $250K limit.

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, 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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Apr 17
Van Brunt Joins BlackRock

Vanessa Van Brunt has joined BlackRock's Cash Management team as Head of Sales for Prime Brokerage & Alternatives. She reports to MD Brian O'Donnell.

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Apr 05
Walsh No Longer with BofA

Long-time money market industry veteran Chris Walsh is no longer with Bank of America Merrill Lynch. Details were not available about his departure, but Asset-Backed Alert mentioned the move in the brief article, "BofA Move Enrages Buysiders in Beantown."

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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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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!