Crane Data Subscribers
Assets Move Higher, Yields Move Lower in October Says MF Intelligence. The Crane Money Fund Average 7-Day Yield, our broadest measure of taxable funds (see the "Link of the Day" for news on the narrower Crane 100), fell to 4.53% from 4.61% in the month ended Oct. 31, 2007. Assets of taxable money funds tracked by Crane Data rose by over $117.5 billion to $2.375 trillion in October. While well below August's record asset surge, the overall asset increase was well above September's still heavy inflow level. Assets into Treasury funds were flat in October following a spectacular surge in August and modest increases in September; the vast majority of the increase went into "Prime" funds. The Crane Treasury Inst MF Index rose by $449 million to $161.6 billion (following a $62.8 billion jump in August) and the Crane Treasury Individual MF Index rose by $425 million to $124.8 billion (versus August's $17.5 billion jump). See the upcoming November issue of Money Fund Intelligence and Crane Index for more details. In the latest week, our Crane 100 MF Index has declined from 4.79% to 4.72%.
