Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 4.91 |
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) | 4.93 |
UBS Prime Preferred Fund (UPPXX) | 4.90 |
First American Ret Prime Obligs X (FXRXX) | 4.88 |
Allspring MMF Prm (WMPXX) | 4.88 |
Invesco Premier Institutional (IPPXX) | 4.86 |
Federated Hermes Muni Obligs WS (MOFXX) | 3.56 |
UBS Tax-Free Preferred (SFPXX) | 3.40 |
Western Asset Select Tax Free Res Sel (CIFXX) | 3.39 |
Vanguard Municipal MMF (VMSXX) | 3.38 |
JPMorgan Inst Tax Free MM Capital (JOCXX) | 3.38 |
Crane Data's latest monthly Money Fund Market Share rankings show assets increasing among most of the largest U.S. money fund complexes in October, after rising in September, August, July, June and May. Assets fell in March and April. Money market fund assets rose by $88.9 billion, or 1.3%, last month to a record $6.863 trillion. Total MMF assets have increased by $349.5 billion, or 5.4%, over the past 3 months, and they've increased by $802.4 billion, or 13.2%, over the past 12 months. The largest increases among the 25 largest managers last month were seen by Goldman Sachs, JPM, Schwab, Morgan Stanley and First American, which grew assets by $21.6 billion, $14.1B, $13.1B, $10.0B and $9.2B, respectively. Declines in October were seen by American Funds, Vanguard, RBC, Fidelity and Columbia, which decreased by $11.3 billion, $3.8B, $2.1B, $1.3B and $807M, respectively. Our domestic U.S. "Family" rankings are available in our MFI XLS product, our global rankings are available in our MFI International product. The combined "Family & Global Rankings" are available to Money Fund Wisdom subscribers. We review the latest market share totals, and look at money fund yields, which were lower in October.
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.
ICI's latest "Money Market Fund Assets" report shows money funds skyrocketing by $79.5 billion to a new record of $6.585 trillion in the latest week. Assets have risen in 11 of the last 14, and 22 of the last 29 weeks, increasing by $281.9 billion (or ...
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!