Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 4.90 |
State Street Inst Liq Reserve Prem (SSIXX) | 4.87 |
BlackRock Lq TempCash Inst (TMCXX) | 4.84 |
JPMorgan Prime MM Capital (CJPXX) | 4.84 |
Western Asset Inst Liq Res Inst (CILXX) | 4.84 |
Morgan Stanley IL Liq MMP Wealth (MWMXX) | 4.94 |
Allspring MMF Prm (WMPXX) | 4.88 |
UBS Prime Preferred Fund (UPPXX) | 4.88 |
First American Ret Prime Obligs X (FXRXX) | 4.88 |
Invesco Premier Institutional (IPPXX) | 4.86 |
Federated Hermes Muni Obligs WS (MOFXX) | 3.60 |
Vanguard Municipal MMF (VMSXX) | 3.43 |
Fidelity Inv MM: Tax Exempt I (FTCXX) | 3.39 |
JPMorgan Inst Tax Free MM Cap (JOCXX) | 3.37 |
Western Asset Select Tax Free Res Sel (CIFXX) | 3.36 |
ICI's latest weekly "Money Market Fund Assets" report shows money funds inching lower by $2.2 billion to $6.506 trillion, after jumping $40.4 billion last week to a record $6.508 trillion. Assets have risen in 10 of the last 13, and 21 of the last 28 weeks, increasing by $202.4 billion (or 3.2%) since the Fed cut on 9/18 and increasing by $528.5 billion (or 8.8%) since April 24. MMF assets are up by $620 billion, or 13.1%, year-to-date in 2024 (through 10/30/24), with Institutional MMFs up $282 billion, or 9.2% and Retail MMFs up $337 billion, or 20.1%. Over the past 52 weeks, money funds have risen by $811 billion, or 14.2%, with Retail MMFs up by $413 billion (18.6%) and Inst MMFs rising by $398 billion (11.4%).
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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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.
Treasury Today published, "MMFs in a falling rate environment," which tells us, "Around the world, the much anticipated rate-cutting cycle is underway.... So, what does the falling interest rate environment mean for money market funds? Paul Mueller, Head of Global Liquidity EMEA portfolios at Invesco, points out that the ...
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!