Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 4.72 |
JPMorgan Prime MM Capital (CJPXX) | 4.65 |
State Street Inst Liq Reserve Prem (SSIXX) | 4.63 |
BlackRock Lq TempCash Inst (TMCXX) | 4.63 |
Western Asset Prem Inst Liq Res Cap (WAAXX) | 4.59 |
Morgan Stanley IL Liq MMP Wealth (MWMXX) | 4.73 |
First American Ret Prime Obligs X (FXRXX) | 4.67 |
UBS Prime Preferred Fund (UPPXX) | 4.66 |
Allspring MMF Prm (WMPXX) | 4.66 |
JPMorgan Liquid Assets Capit (CJLXX) | 4.63 |
Federated Hermes Muni Obligs WS (MOFXX) | 3.20 |
Allspring Nat T-F Prem (WFNXX) | 3.08 |
Vanguard Municipal MMF (VMSXX) | 3.03 |
T Rowe Price Tax Exempt MF I (TERXX) | 3.02 |
JPMorgan Municipal MM Inst (IJMXX) | 3.01 |
ICI's latest "Money Market Fund Assets" report shows money funds rebounding $26.8 billion to a record $6.675 trillion in the latest week, after falling $22.2 billion the previous week. Money fund sssets have risen in 13 of the last 17, and 24 of the last 32, weeks, increasing by $371.7 billion (or 5.9%) since the Fed cut on 9/18 and increasing by $697.7 billion (or 11.7%) since April 24. MMF assets are up by $789 billion, or 16.7%, year-to-date in 2024 (through 11/26/24), with Institutional MMFs up $407 billion, or 13.3% and Retail MMFs up $382 billion, or 22.8%. Over the past 52 weeks, money funds have risen by $839 billion, or 14.4%, with Retail MMFs up by $426 billion (19.0%) and Inst MMFs rising by $413 billion (11.5%). (Note: We're still taking registrations for our "basic training" event, Money Fund University, which will be held Dec. 19-20, 2024 in Providence, R.I. Happy Thanksgiving, and see you in Providence in 3 weeks!)
MFI PDF November 2024 Issue |
Largest Money Fund Managers |
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The November 2024 issue of Money Fund Intelligence features: "Tokenized Money Funds Gain Momentum; Issues Remain," which reviews the latest releases and news on MMFs on the blockchain; "Federated Hermes, Schwab Earnings Calls Highlight MMFs," which quotes from recent earnings call MMF comments; and, “BNY, UBS Latest to Liquidate Municipal Money Funds," which recaps the thinning among Tax-Exempt Money Funds. 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 October 31, 2024. (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.
Fitch Ratings published "Local Government Investment Pools - 3Q24," which states, "Fitch Ratings' local government investment pool (LGIP) indices experienced a cumulative drop in the third quarter of 2024 (3Q24), consistent with seasonal trends, but are up yoy. Combined assets for the Fitch Liquidity LGIP Index and the Fitch Short-Term ...
We were stunned and saddened by the news that DWS Head of Money Market Credit Matt Plomin passed away suddenly last week. (See the Obituary here.) Our deepest condolences to the Plomin family and to his friends and colleagues at DWS.
Mark Martello has joined DWS, Deutsche Bank's asset management arm, as Relationship Manager - Head of Midwest Corporate Coverage. He was previously with Dreyfus.
Tony Lotharius recently joined Cavu Securities as a Managing Director - Cash Solutions. He was previously at State Street.
Thank you to those who supported our recent European Money Fund Symposium show in London! Mark your calendars for next year's event, which will be Sept. 25-26, 2025 in Dublin. We're now ramping up preparations for our Money Fund University, which will be held in Providence, R.I., Dec. 19-20, 2024. Mark your calendars too for our Bond Fund Symposium, which is scheduled for March 27-28, 2025 in Newport Beach, Calif., and for our next big show, Money Fund Symposium, which is scheduled for June 23-25, 2025 in Boston. Subscribers and attendees may access the recordings and conference materials (except for European MFS) via our "Content” page. Watch for more details on future shows in coming months, and let us know if you'd like more information. We hope to see you in Providence this December, or in Newport Beach in March, in Boston in June or in Dublin in September 2025!