Morgan Stanley Inst Liq Prime Inst (MPFXX) | 4.28 |
Federated Hermes Inst Prime Obligs IS (POIXX) | 4.28 |
JPMorgan Prime MM Capital (CJPXX) | 4.26 |
Western Asset Prem Inst Liq Res Capital (WAAXX) | 4.26 |
BlackRock Lq TempCash Inst (TMCXX) | 4.26 |
Invesco Premier Institutional (IPPXX) | 4.34 |
UBS Prime Preferred Fund (UPPXX) | 4.30 |
Allspring MMF Prm (WMPXX) | 4.30 |
Morgan Stanley IL Liq MMP Wealth (MWMXX) | 4.30 |
First American Ret Prime Obligs X (FXRXX) | 4.29 |
Federated Hermes Muni Oblig WS (MOFXX) | 2.70 |
Goldman Sachs Inv Tax-Ex MMF In (FTXXX) | 2.61 |
JPMorgan Municipal MM Instit (IJMXX) | 2.58 |
Vanguard Municipal MMF (VMSXX) | 2.56 |
Allspring Nat T-F Prem (WFNXX) | 2.52 |
The U.K.-based Institutional Money Market Funds Association, or IMMFA, published a paper titled, "The Tokenisation of Money Market Funds Part 2: 'What has been achieved so far?'" It explains, "Recent strides in the technology of tokenisation and its application to funds have created opportunities to enhance the attractiveness of Money Market Funds (MMFs) for investors. As noted in our previous white paper 'The Tokenisation of MMFs,' tokenisation brings a number of potentially transformative benefits including increased portability and reduced operational friction, making it much easier to transfer ownership of MMFs and facilitate new usages, such as their use as margin collateral, and thereby attract a wider investor base." (Note: For those of you attending our European Money Fund Symposium Sept. 22-23, welcome to Dublin! Watch for our Tokenized Money Funds & Tech Issues session on Monday morning and watch for IMMFA's Veronica Iommi to speak on Tuesday.)
MFI PDF September 2025 Issue |
Largest Money Fund Managers |
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![]() The September 2025 issue of Money Fund Intelligence features: "Money Fund Assets Blow Past $7.5 Trillion; Headed for $8.0T," which reviews the latest surge in MMF assets; "BNY Dreyfus, Goldman Both Launch Stablecoin Reserves," which quotes from new filings for Stablecoin Reserves money funds; and, “JPM on Offshore MMFs; European MFs Record $1.5T," which covers a recent update on money funds in Ireland. 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. |
![]() 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 Aug. 31, 2025. (MFI XLS contains percentile rankings, fund family rankings, MNAVs, WLA, portfolio composition, and more). ![]() |
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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.
Luxembourg publication Delano posted a brief titled, "Mapfre AM launches first Luxembourg money market fund." It explains, "Mapfre AM, the largest non-bank asset manager in Spain, launched its first Luxembourg-domiciled money market fund to give investors a low-risk alternative to deposits and treasury bills. Mapfre Asset Management ...
Tom Knight recently retired from online money market trading portal ICD. (See his LinkedIn post here.) We wish Tom all the best!
Joseph Abate is the new Head of Rates Strategy at SMBC Nikko Securities. He was previously with Barclays.
A press release says, "Kim Lupica Joins Academy Securities as Managing Director, Commercial Paper Trading & Origination." She was previously at Bank of America.
Thank you to those who attended and supported our recent Money Fund Symposium in Boston! Mark your calendars for next year’s show, which will be in Jersey City, June 24-26, 2026. We’re now gearing up for our European Money Fund Symposium, which is scheduled for Sept. 22-23 in Dublin, and for our next Money Fund University, which is scheduled for Dec. 18-19 in Pittsburgh. Finally, mark your calendars for next year’s Bond Fund Symposium, which is scheduled for March 19-20, 2026, in Boston. Subscribers and attendees may access the recordings and conference materials (except for European MFS) via our "Content” page. Contact us and let us know if you'd like more information on any future (or past) shows. We hope to see you in Dublin in September, in Pittsburgh in December or in Boston or Jersey City in 2026!