Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of March 29, 2020 )
Institutional Money Funds 7-Day Yield%
Goldman Sachs FS MM Inst (FSMXX) 1.76
Wells Fargo Heritage Sel (WFJXX) 1.67
DWS ESG Liquidity Fund Cap (ESIXX) 1.48
Invesco Liquid Assets Institutional (LAPXX) 1.28
Western Asset Inst Liquid Res Inst (CILXX) 1.12
Retail Money Funds 7-Day Yield%
Wells Fargo MMF Prime (WMPXX) 1.57
Northern Trust Money Market (NORXX) 1.35
Invesco Premier Investor (IMRXX) 1.34
Vanguard Prime MMF Adm (VMRXX) 1.32
Goldman Sachs Investor MM Inst (FMJXX) 1.31
Tax Exempt Money Funds 7-Day Yield%
Federated Inst T-F Cash Trust Prem (FTFXX) 5.81
Wells Fargo Muni Cash Mg MM Prem (EMMXX) 4.87
Morgan Stanley Inst Liq T-E Inst (MTXXX) 4.82
Northern Inst Muni MM Sh (NMUXX) 4.70
Invesco Premier Tax-Exempt Instit (PEIXX) 4.63

Money Market News


This month, MFI speaks with Jonathan Curry, Global CIO for Liquidity and CIO, Americas for HSBC Global Asset Management. The firm recently filed to launch an ESG money fund in the U.S., and it continues to be a major player globally and in a number of emerging markets. We discuss their funds, the latest money market developments and a number of other issues below. (Note: The following is reprinted from the March issue of Money Fund Intelligence, which was published on March 6. Contact us at info@cranedata.com to request the full issue or to subscribe.)


Inside Money Fund Intelligence

MFI PDF March 2020 Issue

Largest Money Fund Managers

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The March 2020 issue of Money Fund Intelligence features: "Consolidations & Liquidations Again Loom in MMF Sector," which features the recent merger flurry that is likely to continue; "HSBC Global AM's Curry on US, European & EM MMFs," which profiles Jonathan Curry of HSBC Global Asset Management; and, "Deposit Growth Rebounds After Stall; Sweeps Fueling," which compares the growth of bank deposits vs. money fund assets.

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 Feb. 29, 2020. (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 info@cranedata.com or call us at 1-508-439-4419.


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Mar 12
Baklanova Joins SEC

Viktoria Baklanova has been named Senior Financial Analyst in the Analytics Office of the U.S. Securities and Exchange Commission. (See the release here.)

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Mar 03
T Rowe Price'​s Lynagh to Retire

A filing for T. Rowe Price's Money Market Funds says, "Effective March 1, 2020, Douglas D. Spratley will join Joseph K. Lynagh as Cochairman of the fund's Investment Advisory Committee.... Effective January 1, 2021, Mr. Lynagh will step down as a portfolio manager and Cochairman of the fund's Investment Advisory Committee and Mr. Spratley will become the sole portfolio manager and Chairman of the fund's Investment Advisory Committee."

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Feb 27
Novick Retiring from BlackRock

The Wall Street Journal writes "BlackRock Power Broker Barbara Novick Is Stepping Down." They say, "Barbara Novick, who turned BlackRock Inc. into a force in Washington, is stepping down.... Under her leadership, BlackRock disseminated 138 memos on its viewpoints and 507 comment letters on everything from retirement issues to liquidity in money-market funds." (See also, "BlackRock's Novick at MF Symposium: NAVs Will 'Wiggle'; Tools for Risk" (6/28/2016).)

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Crane Data News & Features

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Crane's Money Fund Symposium

Note that we've shifted the dates for our big show, Money Fund Symposium. It's now scheduled for August 24-26, 2020, at the Hyatt Regency in Minneapolis, Minn. (We've already cancelled our Bond Fund Symposium, which was to be held March 23-24, 2020, in Boston, Mass., due to fears over the coronavirus and travel bans put into effect by financial firms. Contact us for details on credits or refunds.) We will be monitoring events closely and will keep you posted on any upcoming events. Our next European Money Fund Symposium, which is scheduled for Sept. 17-18, 2020, in Paris, is still on, but we're considering shifting this back to November. (Contact us or watch for details.) Crane Data Subscribers or Attendees may access past conference materials at the bottom of our "Content" page and see links to our latest events from the "Conferences" option on our homepage. Let us know if you'd like more information about any of our upcoming events, stay healthy and we hope to see you in Minneapolis or Paris later in 2020!