| Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 4.90 |
| State Street Inst Liq Reserve Prem (SSIXX) | 4.88 |
| Western Asset Prem Inst Liq Res Cap (WAAXX) | 4.88 |
| BlackRock Lq TempCash Inst (TMCXX) | 4.84 |
| JPMorgan Prime MM Capital (CJPXX) | 4.84 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 4.94 |
| First American Ret Prime Obligs X (FXRXX) | 4.90 |
| Allspring MMF Prm (WMPXX) | 4.88 |
| Invesco Premier Institutional (IPPXX) | 4.88 |
| UBS Prime Preferred Fund (UPPXX) | 4.86 |
| Federated Hermes Muni Obligs WS (MOFXX) | 3.83 |
| Vanguard Municipal MMF (VMSXX) | 3.72 |
| Fidelity Inv MM: Tax Exempt I (FTCXX) | 3.63 |
| JPMorgan Inst Tax Free MM Inst (JOFXX) | 3.60 |
| Western Asset Select Tax Free Res Sel (CIFXX) | 3.58 |
Money Market News
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Federated Hermes reported Q3'24 earnings and hosted its Q3'24 earnings call late last week. On the call, President & CEO J. Christopher Donahue, comments, "We ended Q3 with record assets under management of $800 billion, driven by money market assets of $593 billion, and record fixed income assets of $100 billion.... Moving to money markets, in Q3 we reached another record high for money market fund assets of $440 billion and total money market assets of the aforementioned $593 million. Total money market assets increased by $6.4 billion in Q3, as money market fund gains of $14.8 billion were partially offset by seasonal money market separate account asset decreases of $8.4 billion. Our money market fund assets peaked at about $447 billion on September 23rd and decreased by about $7 billion over the last couple of days of the quarter. We believe a late quarter jump in SOFR rates, led to certain investors shifting some assets into the direct market. We also saw certain large clients using money market fund assets to pay down debt going into quarter end."
Inside Money Fund Intelligence
MFI PDF October 2024 Issue |
Largest Money Fund Managers |
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 The October 2024 issue of Money Fund Intelligence features: "Assets Spike to Record $6.8T; Yields Plunge to 4.7% on Cut," which reviews the jump in assets and drop in yields following the big Fed cut; "European MF Symposium: Breaking Records in London," which quotes from our recent offshore MMF conference; and, “Worldwide MMFs Jump in Q2’24, Hit Record $10.6 Tril.," which recaps the latest statistics on money fund markets outside the U.S. 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 September 30, 2024. (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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Oct 28
The Block: Regulatory Uncertainty Barrier to Tokenized Money Market Funds
The Block writes, "Regulatory uncertainty is a barrier to the institutional adoption of tokenized money market funds: analyst," which tells us, "The risk of adverse regulatory intervention remains a major obstacle to the broader adoption of tokenized money market funds among institutional players, an analyst said. 'Tokenized money market funds ...
People
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Oct 02
Martello Joins Deutsche's 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.
Sep 17
Lotharius Joins Cavu Securities
Tony Lotharius recently joined Cavu Securities as a Managing Director - Cash Solutions. He was previously at State Street.
Aug 22
Berretta, Curtis Join Deep Blue
Money market veterans Fred Berretta and Fritz Curtis have joined Deep Blue Investment Advisors. Deep Blue is based in Florida and manages public funds or LGIPs (local government investment pools).
Crane Data News & Features
contact us »Crane's Money Fund University 12/19-20
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!