Last December, we also reviewed the Top 10 Stories of 2016. Today's "Link of the Day reprints the first paragraph of the story from one year ago. We wrote on Dec. 27, 2016, "This past year saw historic changes to money market mutual funds, including a massive shift of assets from Prime funds into Government MMFs, rates inching their way higher after almost a decade of zero yields, and the dawn of floating NAVs for Prime Inst money funds. Money fund managers continued to revamp their money fund lineups, convert funds to Government MMFs, and exit the business in 2016. It was also the second straight year that the Federal Reserve inched rates higher in the last month of the year. We've selected the most important news stories of the past year below, as well as those that represent some of the major trends. Crane Data's Top 10 Stories of 2016 include (in chronological order): "Rolling w/Reform Changes II: Recap of '15 Announcements, '16 Plans" (1/6/16); "Govt MMF Assets Surpass Prime for First Time Ever; Highest in 5 Yrs" (2/26/16); "More Exits: PNC Liquidates, PIMCO Goes Govt; First American Update" (3/1/16); "Money Fund Disclosure Reforms Go Live; Websites Add MNAVs, DLA, WLA" (4/14/16); "Prime Outflows, Spreads, and Liquidity Major Issues at MF Symposium" (6/30/16); "Morgan Stanley Pulls Plug on Prime, Muni Sweeps; ignites on Strikes" (8/15/16); "Big Shift Out of Prime and Muni MMFs Hits $1 Trillion" (9/30/16); "SEC's Money Fund Reforms Go Live; NAVs Float, Emergency Gates, Fees" (10/14/16); "Europe Agrees to Money Fund Reforms: VNAVs, CNAVs and New LVNAVs" (11/17/16); and "Fed Hikes! Second Time in 10 Years; Dec. BFI: End of Bull, USAA Profile (12/15/16).... For more 2016 News (and prior years going back to 2006), see Crane Data's News Archives. We'll continue to provide daily updates on the money fund marketplace in the coming year, so keep reading our News and Link of the Day commentaries."

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024 2023 2022
November December December
October November November
September October October
August September September
July August August
June July July
May June June
April May May
March April April
February March March
January February February
January January
2021 2020 2019
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2018 2017 2016
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2015 2014 2013
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2012 2011 2010
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2009 2008 2007
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2006
December
November
October
September