The March 2008 issue of Crane Data's flagship Money Fund Intelligence is now available for download by subscribers. The latest newsletter features the articles: "Corporate Safety Thrust Benefiting Money Funds", which describes the huge shift in cash balances from active to passive investments; "Evergreen Perpetually Tops in Muni Money Market", a profile of the top-ranked (5-year and 10-year) Evergreen Institutional Municipal Money Market Fund; and, "Canadian Money Funds: Preparing for Takeoff?", a discussion of money funds in Canada. We also update subscribers on the latest SIV and support action news, as well as a number of personnel changes in the money fund industry. MFI is now 30 pages and tracks 1,300 funds, representing 93% of all money market fund assets.
The lead article examines Treasury Strategies recent results showing a flight away from all liquidity and short-term investment options save money funds and bank deposits/sweep accounts. We also look at other recent statistics showing a massive shift away from complexity and direct market investment, which has powered the $1 trillion cash buildup in money market funds over the past 52 weeks.
Our latest Money Fund Intelligence XLS, which contains data, rankings and percentiles by fund type, has also been posted to http://www.cranedata.com. Our money "Fund Family" asset rankings now show that No. 1-ranked Fidelity Investments has surpassed $400 billion in assets! The Boston-based company increased its money fund totals by $12.8 billion in February and has increased by a stunning $143.2 billion, or 55%, over the past 12 months. To request a look at the latest copy, e-mail us at: sales@cranedata.us.
