| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.73 |
| JPMorgan Prime MM Capital (CJPXX) | 3.71 |
| Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 3.70 |
| BlackRock Lq TempCash Inst (TMCXX) | 3.69 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.64 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.73 |
| Allspring MMF Prm (WMPXX) | 3.72 |
| Invesco Premier Institutional (IPPXX) | 3.72 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.70 |
| UBS Prime Preferred Fund (UPPXX) | 3.68 |
| Goldman Sachs Inv Tax-Ex MMF In (FTXXX) | 2.10 |
| Federated Hermes Muni Oblig WS (MOFXX) | 2.00 |
| Allspring Nat T-F Prem (WFNXX) | 1.94 |
| T Rowe Price Tax-Exempt MF I (TERXX) | 1.93 |
| Schwab Municipal MF Ultra (SWOXX) | 1.88 |
Crane Data's latest Money Fund Intelligence International shows that assets in European or "offshore" money market mutual funds decreased over the past 30 days to $1.652 trillion, falling from a record $1.662 trillion the month prior. Yields were mostly lower, while assets for USD, EUR and GBP MMFs all fell over the past month. Like U.S. money fund assets, European MMFs have repeatedly hit record highs in 2023, 2024 and 2025 (after a pause in Q2'25). These U.S.-style money funds, domiciled in Ireland or Luxembourg and denominated in US Dollars, Pound Sterling and Euros, decreased by $9.9 billion over the 30 days through 3/12. The totals are up $68.0 billion (4.3%) year-to-date for 2026. They were up $151.9 billion (10.6%) for 2025, up $235.3 billion (19.7%) for 2024 and up $166.9 billion (16.2%) for the year 2023. (Note that currency moves in the U.S. Dollar cause Euro and Sterling totals to shift when they're translated back into totals in USD. See our latest MFI International for more on the "offshore" money fund marketplace. These funds are only available to qualified, non-U.S. investors and are almost entirely institutional.) (Note too: Mark your calendars for our next European Money Fund Symposium, which will be held Sept. 24-25 in Paris, France. Watch for the preliminary agenda to be released in coming weeks.)
MFI PDF March 2026 Issue |
Largest Money Fund Managers |
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The March 2026 issue of Money Fund Intelligence features: “More Tokenized MMFs But Stablecoin Growth Stalling,” which discusses a new tokenized MMF entrant and stablecoin balances; “State Street Prime, ProShares Money Market ETFs Go Live,” which reviews the latest launches of money market ETFs; and, “Federated’s Cunningham on Money Funds’ New Normal” which looks at the continued strength in 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. |
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. 28, 2026. (MFI XLS contains percentile rankings, fund family rankings, MNAVs, WLA, portfolio composition, and more).
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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.
State Street's Chief Product Officer Donna Milrod spoke recently at the 2026 RBC Capital Markets Global Financial Institutions Conference. She comments, "Tokenization is a key focus, offering benefits like fractional ownership and near-instant settlement, with initial products including tokenized money market funds. Why money market tokenization first? Well ...
Mike Cloherty has joined CIBC as Head of US Rates Strategy. He was previously with UBS.
Thrivent is seeking a Senior Money Market Portfolio Manager in Minneapolis. The posting says, "The Money Market Portfolio Manager is responsible for the management of the organization’s 2(a)7 mutual funds and the overall management of the organization’s cash holdings across multiple accounts and portfolios."
"Deutsche Hires von Sprecher" says a brief in the Securities Finance Times. It explains, "Deutsche Bank has appointed Cassandra von Sprecher as global head of agency securities lending sales." She was formerly with State Street and formerly Casandra (Cassie) Jones.
Thank you to those who attended and supported our recent Money Fund University in Pittsburgh! Mark your calendars for next year’s show, which will be in Greenwich, Conn., Dec. 17-18, 2026. We’re now preparing for our ultra-short bond fund event, Bond Fund Symposium, which is scheduled for March 19-20 in Boston. Mark your calendars too for our next big show, Money Fund Symposium, which is June 24-26, 2026 in Jersey City, NJ, and for our next European Money Fund Symposium, which is Sept. 24-25 in Paris. Subscribers and attendees may access the recordings and conference materials (except for European MFS) via our "Content" page. Contact us and let us know if you'd like more information on any future (or past) shows. We hope to see you in Boston, Jersey City, Paris or Greenwich in 2026!