Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Oct. 20, 2018 )
Institutional Money Funds 7-Day Yield%
DWS ESG Liduidity Fund (ESIXX) 2.34
State Street Inst Liquid Res Prem (SSIXX) 2.31
Goldman Sachs FS MM Inst (FSMXX) 2.29
Dreyfus Cash Mgmt Institutional (DICXX) 2.27
Federated Inst Prime ObIigs IS (POIXX) 2.27
Retail Money Funds 7-Day Yield%
Fidelity Inv MM: MM Port Inst (FNSXX) 2.25
Vanguard Prime MMF Adm (VMRXX) 2.25
JPMorgan Liquid Assets Capit (CJLXX) 2.23
Federated Prime Cash Oblig WS (PCOXX) 2.21
Goldman Sachs Investor MM Inst (FMJXX) 2.20
Tax Exempt Money Funds 7-Day Yield%
Federated Municipal Obligs WS (MOFXX) 1.48
Wells Fargo Muni Cash Mg MM Prem (EMMXX) 1.47
Vanguard Municipal MMF (VMSXX) 1.47
Fidelity Inv MM: Tax Exempt I (FTCXX) 1.45
Schwab Municipal MF Ultra (SWOXX) 1.44

Money Market News

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A press release entitled, "Invesco announces Combination with OppenheimerFunds," tells us, "Invesco Ltd. (IVZ) ... announced a combination with OppenheimerFunds, a strategic partnership with Massachusetts Mutual Life Insurance Company (MassMutual) and a $1.2 billion common stock buyback program." Invesco is the 13th largest manager of money funds with $57.8 billion, while Oppenheimer is the 29th largest manager with $8.0 billion. A combined Invesco/OppenheimerFunds would still rank 13th (below SSGA) with $65.8 billion. We review this deal, as well as a couple of recent advertisements from money funds and ultra-short bond funds, below.

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Inside Money Fund Intelligence

MFI PDF October 2018 Issue

Largest Money Fund Managers

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The October 2018 issue of Money Fund Intelligence features: "Prime MFs Clawing Back Two Years After Reform's 'Big Sort'," which looks at how Prime assets have fared of late; "Highlights from European MFS: Irish Funds' Rooney," which quotes a recent presentation from Irish Funds' Pat Rooney; and, "China, Ireland Still Dominate Global Money Fund Ranks," which reviews the latest statistics on money fund markets outside the U.S.

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 Sept. 30, 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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Oct 16
DiMeglio Leaves Jefferies

Mike DiMeglio is no longer with Jefferies. He was previously SVP and Head of Front End Agency Trading.

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Oct 09
Fidelity'​s Morrison to Retire

Fidelity Investments President of Asset Management Charlie Morrison will retire at the end of 2018, reports The Wall Street Journal. Morrison previously served as the head of the fixed-income group and head of the money market group.

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Oct 02
Butler Featured in Treasury Today

U.K.-based publication Treasury Today writes on "Women in Treasury: Yeng Butler, State Street Global Advisors," which profiles SSGA Senior MD & Global Head of Cash Business Yeng Butler.

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Crane Data News & Features

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Crane's Money Fund Conferences

Thanks to those who attended our recent European Money Fund Symposium in London! Mark your calendars for next year's event, which will be Sept. 23-24, 2019, at the Dublin Hilton. (Watch for details early in 2019.) Also, mark your calendars for our next "big show," Money Fund Symposium, which will take place June 24-25, 2019, in Boston, and registrations are open for our next Money Fund University, which will be January 17-18, 2019 in Stamford, Conn. Finally, start making plans 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 Stamford, Philly, Boston or Dublin in 2019!