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Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Aug. 27, 2014 )
Institutional Money Funds 7-Day Yield%
Meeder Money Mkt Fund Inst (FFIXX) 0.11
BlackRock Cash Inst MMF Inst (BGIXX) 0.11
DWS Daily Assets Fund Inst (DAFXX) 0.09
BlackRock Cash Prime Inst MMF I (BPIXX) 0.09
Fidelity Inst MM: MM Port Inst (FNSXX) 0.08
Retail Money Funds 7-Day Yield%
Schwab Cash Reserves Fund (SWSXX) 0.06
Meeder Money Mkt Retail (FFMXX) 0.06
RBB Sansom Street Money Mkt (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%
BMO Tax-Free MMF Y (MTFXX) 0.05
Western Asset Inst AMT Free A (INMXX) 0.04
Alpine Municipal MMF Y (AMUXX) 0.03
FFI Inst Tax Exempt (MLEXX) 0.03
BMO Tax-Free MMF I (MFIXX) 0.03

Money Market News

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It's been just over a month since the SEC adopted its voluminous 893-page Money Market Fund Reforms, which we've been digesting and excerpting since its release July 23. Following the rule's publication, there were a host of summaries and articles on the rules, but these have dried up lately. However, we came across a couple of new pieces yesterday that do a nice job of recapping the rules. One was published by Fidelity Investments in its August "Insight & Outlook" newsletter. Entitled, "Money Market Mutual Fund Reform 2014: Key Changes Ahead," it says, "On July 23, 2014, the Securities and Exchange Commission (SEC) issued final rules that would further regulate the money market mutual fund industry. The new rules will be implemented within the next two years, and will exempt government and U.S. Treasury money market mutual funds from structural reform. Upon implementation, the new rules will create a new definition for "government fund" and "retail fund" and will require institutional prime (general purpose) and institutional municipal money market mutual funds to price and transact at a "floating" net asset value (NAV)."

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Inside Money Fund Intelligence

MFI PDF August 2014 Issue

Largest Money Fund Managers

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The August 2014 issue of Money Fund Intelligence features: “SEC Passes MMF Reform on Split Vote: Combo is Coming,” which discusses the adoption of money market fund reforms by a count of 3-2; “Chair White's Statement on New MMF Reforms,” which excerpts SEC Chair Mary Jo White's discussion of the reforms; and, “Modest Outflows Expected from Reforms; 3 Questions,” which examines the implications of the MMF reforms on fund flows.

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, 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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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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Jul 25
UBS Hires Finch for EAMA

UBS Global Asset Management hired James Finch as Head of Global Liquidity Management, EMEA. Finch is based in London and reports to Joe Abed, Head of Global Liquidity Management.

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Jul 14
ICI Names Blass Counsel

The Investment Company Institute named David Blass its General Counsel. Blass is currently chief counsel and associate director of the Division of Trading and Markets at the Securities and Exchange Commission.

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Crane Data News & Features

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European Money Fund Symposium

Our second annual European Money Fund Symposium will be held Sept. 22-23, 2014, in London at the London Tower Bridge Hilton. (Visit www.euromfs.com for details and to register.) Also, Crane Data's next "basic training" money market mutual fund course, Money Fund University, will take place Jan. 22-23, 2015, in Stamford, Conn. (Watch for the agenda soon and visit www.moneyfunduniversity.com for details and to register.) Contact us for sponsorship info or speaking opportunities. Finally, thanks to those who supported our Boston Money Fund Symposium! Our next 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 brochure. We hope to see you in London in September or next year in Minneapolis!