Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Aug. 20, 2018 )
Institutional Money Funds 7-Day Yield%
DWS Variable NAV MM Cap (VNVXX) 2.19
Goldman Sachs FS MM Inst (FSMXX) 2.14
Dreyfus Cash Mgmt Institutional (DICXX) 2.12
Morgan Stanley Inst Liq Prime Inst (MPFXX) 2.10
Northern Inst Prime Oblig Sh (NPAXX) 2.10
Retail Money Funds 7-Day Yield%
Vanguard Prime MMF Adm (VMRXX) 2.12
Fidelity Inv MM: MM Port Inst (FNSXX) 2.12
First American Ret Prime Obligs X (FXRXX) 2.09
Goldman Sachs Investor MM Inst (FMJXX) 2.04
JPMorgan Liquid Assets Capit (CJLXX) 2.04
Tax Exempt Money Funds 7-Day Yield%
Wells Fargo Muni Cash Mg MM Prem (EMMXX) 1.42
Federated Municipal Obligs WS (MOFXX) 1.39
Vanguard NY Municipal MMF (VYFXX) 1.35
Fidelity Inv MM: Tax Exempt I (FTCXX) 1.35
Schwab Municipal MF Ultra (SWOXX) 1.35

Money Market News

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On Friday, ignites published the article, "Rising Rates Give Brokerage Sweep Programs a Run for Their Money," which discusses the yawning rate differential between FDIC-insured sweeps and money market mutual funds. Author Beagan Wilcox writes, "The fatter margins that bank deposits offer pushed many large brokerages to dump money funds as sweep vehicles in favor of bank products. The prolonged period of near-zero interest rates ushered in by the financial crisis only accelerated the trend away from money funds as the default sweep account choice. But as interest rates rise, money funds are regaining appeal, and the amount brokerages must pay out on deposits to retain customers using them is inching up."

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Inside Money Fund Intelligence

MFI PDF August 2018 Issue

Largest Money Fund Managers

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The August 2018 issue of Money Fund Intelligence features: "Rising MF Yields Turn Up Heat on Sweeps, Bank Deposits," which discusses the growing spread between money funds and other cash options; "PGIM Still Rocking in Cash: Q&A w/D'Angelo, Nicholson," which profiles the money funds formerly named Prudential; and, "European MMF Reforms Go Live; Ready for Symposium," which reviews the latest on European money fund regulations.

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 inquiry@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, 2018. (MFI XLS contains percentile rankings, fund family rankings, MNAVs, WLA, 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 inquiry@cranedata.com or call us at 1-508-439-4419.

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Aug 20
Citi Portal Seeks Director

Citibank Online Investments is seeking a Global Deposits & Investment Head to lead the team that manages their Online Investment Portal.

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Jul 22
Wells Seeks Wholesaler in East

Wells Fargo Asset Management is seeking an East Coast Wholesaler for its Liquidity Management Solutions team.

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Jul 11
Vanguard'​s Glocke Retiring

A filing for Vanguard Prime Money Market Fund and Vanguard Treasury Money Market Fund says, "Effective June 30, 2018, David R. Glocke will retire from The Vanguard Group, Inc., and will no longer serve as a portfolio manager.... Nafis T. Smith ... will remain as the sole portfolio manager of the Funds."

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Crane Data News & Features

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European Money Fund Symposium

Thanks to those who attended our big show Money Fund Symposium recently in Pittsburgh! Mark your calendars for next year's event, which will be June 24-26, 2019, at the Boston Renaissance Hotel. (Watch for details in coming months.) Also, make reservations soon for our European Money Fund Symposium , which will take place September 20-21, 2018, in London, and for our next Money Fund University, which will be January 17-18, 2019 in Stamford, Conn. Finally, mark your calendars for our next Bond Fund Symposium, which will be held March 25-26, 2019 in Philadelphia. We’d be happy to discuss any of these events further, and we hope to see you in London, Stamford or Philly!