Crane Data Subscribers
In 2006, our Crane 100 Money Fund Index returned 4.66%, vs. 2.95% in 2005 and 1.06% in 2004. Money funds should return around 5.00% in 2007. Money fund assets increased by $325 billion, or 16%, to a record $2.38 trillion in 2006. We predict an asset jump of almost $500 billion, or 20%, in 2007, which would bring the total to $2.85 trillion. The Top Funds in 2006 among 425 were: #1 CS Inst Prime MMF A (5.10%);
#2 Barclays Inst MMF I and MS Inst Liq MMP I (5.09%);
#4 American Beacon MM Select (5.07%); and #5 AIM STIC Prime Inst and Vanguard Prime MMF Inst (5.06%).
