Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 4.82 |
BlackRock Lq TempCash Inst (TMCXX) | 4.72 |
JPMorgan Prime MM Capital (CJPXX) | 4.72 |
State Street Inst Liq Reserve Prem (SSIXX) | 4.71 |
Western Asset Prem Inst Liq Res Cap (WAAXX) | 4.71 |
Morgan Stanley IL Liq MMP Wealth (MWMXX) | 4.83 |
First American Ret Prime Obligs X (FXRXX) | 4.75 |
Invesco Premier Institutional (IPPXX) | 4.74 |
UBS Prime Preferred Fund (UPPXX) | 4.74 |
Allspring MMF Prm (WMPXX) | 4.74 |
Federated Hermes Muni Obligs WS (MOFXX) | 2.89 |
Allspring Nat T-F Prem (WFNXX) | 2.83 |
Goldman Sachs Inv Tax-Ex MMF In (FTXXX) | 2.71 |
T Rowe Price Tax Exempt MF I (TERXX) | 2.70 |
JPMorgan Tax Free MM Inst (JTFXX) | 2.69 |
Crane Data's latest Money Fund Intelligence International shows that assets in European or "offshore" money market mutual funds moved higher again over the past 30 days to a record $1.406 trillion, while yields moved lower. Assets for USD and EUR rose over the past month while GBP MMFs fell. Like U.S. money fund assets, European MMFs have repeatedly hit record highs in 2023 and 2024. These U.S.-style money funds, domiciled in Ireland or Luxembourg and denominated in US Dollars, Pound Sterling and Euros, increased by $41.1 billion over the 30 days through 11/14. The totals are up $208.6 billion (17.4%) year-to-date for 2024, they were 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 U.S. dollars. 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.)
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.
The Financial Times writes "BlackRock files to launch lower-risk money market fund ETFs." The article states, "BlackRock has filed to launch two money market funds in exchange traded fund wrappers, following in the footsteps of Texas Capital Bank's rollout. The new iShares Prime Money Market and iShares Government ...
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.
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).
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!