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Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Sept. 3, 2015 )
Institutional Money Funds 7-Day Yield%
Oppenheimer Institutional MM E (IOEXX) 0.17
Federated Money Market Mgmt IS (MMPXX) 0.17
Deutsche Daily Assets Fund Instit (DAFXX) 0.17
Fidelity Instit MM: MM Port Inst (FNSXX) 0.16
BlackRock Cash Inst MMF Inst (BGIXX) 0.16
Retail Money Funds 7-Day Yield%
Meeder Money Mkt Retail (FFMXX) 0.07
Invesco STIC Prime Personal (AIM22) 0.07
Federated Money Market Mgmt CAP (MMLXX) 0.07
Schwab Cash Reserves Fund (SWSXX) 0.06
HSBC Inv Prime Money Market A (REAXX) 0.05
Tax Exempt Money Funds 7-Day Yield%
BMO Tax-Free MMF Y (MTFXX) 0.05
BMO Tax-Free MMF I (MFIXX) 0.05
BlackRock Liq MuniFund I (MFTXX) 0.03
Western Asset Inst Tax Free Res Inst (CIFXX) 0.02
BlackRock Liq MuniCash Dol (MCDXX) 0.02

Money Market News

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The International Organization of Security Commissions released a paper yesterday entitled, "Peer Review of Regulation of Money Market Funds: Final Report," which reviews the progress of money market fund regulations globally. The Review's "Executive Summary" explains, "This report (Report) sets out the findings of the review (Review) by the International Organization of Securities Commissions (IOSCO) of the progress in adopting legislation, regulation and other policies in relation to money market funds (MMFs) in the following areas (Reform Areas): a. Scope of the regulatory reform -- explicit definition of MMFs in regulation; b. Limitations to the types of assets of, and risks taken by, MMFs; c. Valuation practices of MMFs; d. Liquidity management for MMFs; e. MMFs that offer a stable Net Asset Value (NAV) -- addressing the risks and issues which may affect the stability of MMFs that offer a stable NAV; f. Use of ratings by the MMF industry; g. Disclosure to investors; and h. Repos -- MMF practices in relation to repurchase agreement transactions."

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Inside Money Fund Intelligence

MFI PDF August 2015 Issue

Largest Money Fund Managers

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The August 2015 issue of Money Fund Intelligence features: “Going Govt II: More Managers Plan Shifts to 'Govie' Funds,” which discusses moves by BlackRock, Goldman, Deutsche and others to change Prime funds into Government funds; “PIMCO's Jerome Schneider Looks at 2a-7 and Beyond,” where the head of PIMCO money market funds talks about the "new paradigm" for cash investors; and, “MMFs in Disguise? New Ultra-Shorts from SSgA, Others,” which reports on the launch of several new money fund-like ultra-short bond 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 July 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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Aug 28
Mitchell New at Invesco

Invesco has hired Brian Mitchell as new Director Product Management for its Global Liquidity funds.

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Aug 10
Hindle Barone Leaving IMMFA

Susan Hindle Barone will be leaving as Secretary General of the London-based Institutional Money Market Funds Association. IMMFA is a trade association representing money funds in Europe.

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Jun 30
StoneCastle Seeks Sales

StoneCastle Cash Management, LLC is seeking a Senior Institutional Sales professional with Corporate Cash Management experience. Contact Eric Lansky for more details.

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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 (www.bondfundintelligence.com) to go live late in 2015.

European Money Fund Symposium

Following our successful Minneapolis Money Fund Symposium, we're now gearing up for Crane's European Money Fund Symposium, which will take place in Dublin, Ireland, Sept. 17-18, 2015. (Conference registration is $1,000; visit www.cranedataeuropean.com for details.) Mark your calendars too for our next Money Fund University "basic training" event, which will be held in Boston (Jan. 21-22, 2016; www.moneyfunduniversity.com), and for next year's big show, Crane's Money Fund Symposium, which will be held June 22-24, 2016, in Philadelphia. Contact us for more details about these events or to request the latest PDF brochures. We hope to see you in Dublin in September or in Boston or Philadelphia in 2016!