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Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Dec. 18, 2014 )
Institutional Money Funds 7-Day Yield%
BlackRock Lq TempCash Inst (TMCXX) 0.14
FFI Premier Inst (MLPXX) 0.14
BlackRock Cash Inst MMF Inst (BGIXX) 0.11
Meeder Money Mkt Fund Inst (FFIXX) 0.11
Oppenheimer Inst MM E (IOEXX) 0.10
Retail Money Funds 7-Day Yield%
Meeder Money Mkt Retail (FFMXX) 0.06
Schwab Cash Reserves Fund (SWSXX) 0.06
Huntington Money Mkt Fund (HFIXX) 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
PNC Tax-Exempt MM I (PXIXX) 0.02
BlackRock Liq MuniFund Ad (BIAXX) 0.02
Western Asset Inst Tax Free Res Inst (CIFXX) 0.02

Money Market News

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In the face of a negative interest rate environment and regulatory uncertainty in Europe, Northern Trust launched a variable net asset value money market fund in November, the Euro Liquidity Fund. (See our Nov. 6 "Link of the Day," "Northern's New Euro VNAV MMF.") Northern also recently held a webinar, "Why Returns Should Matter for Money Market Investors," featuring Wayne Bowers, CIO, EMEA and APAC, and David Blake, director, International Fixed Income, to discuss the possibilities and pitfalls of the shifting money market landscape and to explain why they launched a VNAV euro MMF. We review Northern's recent move and comments below, and we also quote from yesterday's Wall Street Journal article, "European Money-Fund Managers Brace for Losses".

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Inside Money Fund Intelligence

MFI PDF December 2014 Issue

Largest Money Fund Managers

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The December 2014 issue of Money Fund Intelligence features: “Assets Flat 3rd Year in a Row; JPM Rates, Supply Outlook,” a review of year-to-date asset totals and a look ahead to next year; “Wells’ Sylvester Retiring: Parting Words of Wisdom,” an interview with Dave Sylvester, senior portfolio manager and long-time head of money market funds at Wells Fargo; and, “ICI Recaps Regs, 80% Stable NAV,” which examines highlights from ICI's 2014 Annual Report.

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 Nov. 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.

People

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Dec 12
Fidelity'​s Litterst to Retire

Fidelity Investment's Bob Litterst, long-time Portfolio Manager of Fidelity Cash Reserves, the industry's largest fund, and Money Market CIO, will be retiring at year-end. Tim Huyck will take over as Money Market CIO.

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Nov 21
StoneCastle Seeks Sales

StoneCastle Cash Management, LLC is seeking an Institutional Sales professional with Corporate Cash Management experience. Contact Brandon Semilof for more details.

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Nov 19
Bennie with Mint

John Bennie, formerly with ICD, is now Head of Liquidity Solutions at Mint Partners, which is affiliated with brokerage BGC Partners.

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Crane Data News & Features

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Bond Fund Intelligence

Crane Data is launching a new product, Bond Fund Intelligence, which tracks the bond mutual fund marketplace with an emphasis on the ultra-short bond fund segment. We've already published one "beta" issue of our new BFI PDF newsletter, along with its complement Bond Fund Intelligence XLS, a monthly spreadsheet with performance and statistics on the largest bond funds and ultra-short bond ETFs. We'll ship our second "beta" in coming days and will publish our first "live" issue in mid-January. Let us know if you'd like to learn more about our new product, and watch for a Bond Fund Intelligence website (www.bondfundintelligence.com) to go live later in 2015.

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, which 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!