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Fidelity, Western, Vanguard, and Schwab Show Biggest Q1 Asset Gains. Money Fund Intelligence XLS's monthly asset rankings of money fund complexes, show No. 1-ranked Fidelity Investments continues to win big in Q12007 with an asset increase of $17.2 billion, or 6.9%, to $268.7 billion, a 12.2% market share, up from 11.8%. Legg Mason's Western Asset ranked 2nd in dollar increase terms, gaining $11.0 billion, or 15.0%, while 3rd-largest complex Vanguard had the 3rd largest money fund asset increase at $10.8 billion, or 7.5%. Schwab placed 4th with a gain of $8.2 billion (6.1%) and Federated Investors placed 5th with a gain of $6.7 billion (4.6%). Money market mutual fund assets overall grew $72.3 billion, or 3.4%, in Q1'07.
