| Dreyfus Cash Mgmt Institutional (DICXX) | 1.25 |
| UBS Select Prime Money Mkt Pref (SPPXX) | 1.23 |
| Morgan Stanley Inst Liq MMP Inst (MPUXX) | 1.23 |
| Fidelity Inv MM: Prime MMP Inst (FIPXX) | 1.21 |
| Federated Inst MM Mgmt IS (MMPXX) | 1.21 |
| Fidelity Inv MM: MM Port Inst (FNSXX) | 1.26 |
| JPMorgan Liquid Assets Capit (CJLXX) | 1.18 |
| Federated Prime Cash Oblig WS (PCOXX) | 1.15 |
| BlackRock Money Market Port Inst (PNIXX) | 1.15 |
| Goldman Sachs Investor MM Inst (FMJXX) | 1.15 |
| Vanguard Municipal MMF (VMSXX) | 0.79 |
| Federated Municipal Obligs WS (MOFXX) | 0.79 |
| Vanguard NY Municipal MMF (VYFXX) | 0.77 |
| Wells Fargo Muni Cash Mg MM Prem (EMMXX) | 0.74 |
| Northern Trust Municipal MMkt (NOMXX) | 0.74 |
Money Market News
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The U.S. Securities and Exchange Commission released its latest "Money Market Fund Statistics" summary late last week. It shows that total assets were down ($23.7 billion) in June, but Prime funds rose for the 6th month in a row. Prime MMFs gained $4.0 billion (after gaining $2.5 billion in May and $9.8 billion in April). Government money funds decreased by $26.9 billion, while Tax Exempt MMFs lost $0.8 billion. Gross yields rose for Prime, Govt and Tax Exempt MMFs as the Fed hiked rates for the third time in 2 years in June. The SEC's Division of Investment Management summarizes monthly Form N-MFP data and includes asset totals and averages for yields, liquidity levels, WAMs, WALs, holdings, and other money market fund trends. We review their latest recap below.
Inside Money Fund Intelligence
MFI PDF July 2017 Issue |
Largest Money Fund Managers |
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 The July 2017 issue of Money Fund Intelligence features: "Prime, Alternates, Business as Usual Hot Topics in Atlanta," which quotes highlights from our recent Money Fund Symposium conference in Atlanta; "Invesco's Flanagan Keynotes Money Fund Symposium," which reviews the Keynote speech from Invesco CEO & President Martin Flanagan; and, "Worldwide MMF Assets Up: US, China Drop; India Rising?," which reviews ICI's latest quarterly global statistics. 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 June 30, 2017. (MFI XLS contains percentile rankings, fund family rankings, MNAVs, WLA, portfolio composition, and more). 
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About Crane Data LLC
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.
Link of the Day
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Jul 25
AFP on Road Less Traveled
The AFP wrote recently, "Money Funds: Navigating the Road Less Traveled." They say, "The current state of money markets reminds me of that old Robert Frost quote: 'Two roads diverged in a wood and I -- I took the one less traveled by, and that has made all the difference.' I ...
Jul 20
Schwab: MF Fee Waivers Over
People
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Jul 24
Wells Wants Sweep Product Manager
Wells Fargo Advisors is seeking a "Product Manager 3 for its Cash Sweep and Business and Account Strategy Team who will be responsible for "overall product management and strategic focus for the Cash Sweep Program."
Jul 15
StoneCastle Seeking Cash Sales
StoneCastle Cash Management, which distributes cash management products via a platform of FDIC-insured bank deposits, is "seeking an Institutional Cash Management Relationship Management professional. Click here for details.
Jul 04
TBS Hires Sarbinowski
Total Bank Solutions hired Joe Sarbinowski, who was previously with Deutsche Asset Management.
Crane Data News & Features
contact us »Bond Fund Portfolio Holdings
Contact Pete to see our new Bond Fund Portfolio Holdings data set, or to request the latest issue of our Bond Fund Intelligence newsletter and BFI XLS performance data spreadsheet. Crane Data began publishing Bond Fund Intelligence and tracking the bond mutual fund marketplace in 2015, and we've been "beta-testing" a monthly collection of portfolio holdings of ultra-short and short-term bond funds over the past several months. We continue to expand our readership, coverage and product lineup, and we will be unveiling a new Bond Fund Wisdom product suite this summer. (See below for details on our new Bond Fund Symposium conference.) Watch for a BFI Daily product and a website dedicated to this space too in the coming year. Visit our Content Center to access the latest BFI, BFI XLS and BF Holdings issues and archives, as well as materials from our recent Bond Fund Symposium.
European Money Fund Symposium
Register and make hotel reservations soon for our upcoming European Money Fund Symposium, which will be held Sept. 25-26, 2017 in Paris, France! Visit www.craneeurosymposium.com for details or ask us to see the latest brochure. Also, thanks to those who attended our big U.S. show, Crane's Money Fund Symposium, in Atlanta! Next year's event will be June 25-27, 2018, in Pittsburgh, Pa. Watch our site or visit www.cranesmfsymposium.com for details in coming months. Our next Money Fund University "basic training" event will take place Jan. 18-19, 2018, in Boston ( see www.cranesmfuniversity.com for more), and our next Bond Fund Symposium ( www.cranesbfsymposium.com) will be held March 22-23, 2018, in Los Angeles, Calif. We’d be happy to discuss any of these events further, and we hope to see you in Paris, Boston, LA or Pittsburgh over the next year!