Highest-Yielding Money Market Funds ranked by 7-Day yield ( as of Sept. 20, 2018 )
Institutional Money Funds 7-Day Yield%
DWS ESG Liduidity Fund (ESIXX) 2.17
Goldman Sachs FS MM Inst (FSMXX) 2.16
Morgan Stanley Inst Liq Prime Inst (MPFXX) 2.11
Dreyfus Cash Mgmt Institutional (DICXX) 2.11
Northern Inst Prime Oblig Sh (NPAXX) 2.10
Retail Money Funds 7-Day Yield%
Vanguard Prime MMF Adm (VMRXX) 2.15
Fidelity Inv MM: MM Port Inst (FNSXX) 2.11
Goldman Sachs Investor MM Inst (FMJXX) 2.08
JPMorgan Liquid Assets Capit (CJLXX) 2.06
Schwab Value Adv MF Ultra (SNAXX) 2.04
Tax Exempt Money Funds 7-Day Yield%
Wells Fargo Muni Cash Mg MM Prem (EMMXX) 1.42
Federated Municipal Obligs WS (MOFXX) 1.41
Vanguard Municipal MMF (VMSXX) 1.40
Schwab Municipal MF Ultra (SWOXX) 1.38
Fidelity Inv MM: Tax Exempt I (FTCXX) 1.37

Money Market News

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The Federal Reserve released its latest quarterly "Z.1 Financial Accounts of the United States" statistical survey (formerly the "Flow of Funds") yesterday. Among the 4 tables it includes on money market mutual funds, the Second Quarter, 2018 edition shows that Total MMF Assets increased by $28 billion to $2.821 trillion in Q2. The Household Sector saw assets inch higher and remained the largest investor segment with $1.585 trillion. The next largest segment, Nonfinancial Corporate Businesses also saw assets increase in the second quarter, as did Property-Casualty Insurance and Life Insurance Companies holdings of money funds. We review the latest Z.1 stats below. (Note that the Federal Reserve changed its numbers related to money market funds substantially in the latest quarter; see their comment below.)

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Inside Money Fund Intelligence

MFI PDF September 2018 Issue

Largest Money Fund Managers

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The September 2018 issue of Money Fund Intelligence features: "Ten Years After: Reserve Fund 'Breaks the Buck'," which discusses the anniversary of the Global Financial Crisis; "New IMMFA Chair Hochfeld on European MMF Reforms," which profiles Morgan Stanley's Kim Hochfeld; and, "DWS Launches ESG Liquidity, Socially Responsible MMF," which reviews a new fund conversion from DWS.

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 August 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.

People

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Sep 18
Kraus Starts at Citi

Steve Kraus is a new Vice President of NA Liquidity Sales for Citi - Treasury & Trade Solutions.

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Aug 31
Jones Goes Western

Matt Jones is the new Head of Liquidity reporting to Marzo Bernardi at Western Asset Management. He was previously at BlackRock.

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Aug 29
Hochfeld New IMMFA Chair

Kim Hochfeld from Morgan Stanley Investment Management has been elected Chair of IMMFA, the Institutional Money Market Funds Association. She replaces Reyer Kooy of DWS.

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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!