| JPMorgan Prime MM Capital (CJPXX) | 3.78 |
| BlackRock Lq TempCash Inst (TMCXX) | 3.77 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.77 |
| Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 3.75 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.70 |
| Allspring MMF Prm (WMPXX) | 3.80 |
| Invesco Premier Institutional (IPPXX) | 3.78 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.77 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.76 |
| UBS Prime Preferred Fund (UPPXX) | 3.75 |
| Goldman Sachs Inv Tax-Ex MMF In (FTXXX) | 2.23 |
| Federated Hermes Muni Obligs WS (MOFXX) | 2.17 |
| Morgan Stanley Inst Liq T-E Wealth (TEWXX) | 2.02 |
| Allspring Nat Tax-Free Prem (WFNXX) | 1.99 |
| Schwab Municipal MF Ultra (SWOXX) | 1.94 |
Crane Data's latest Money Fund Intelligence International shows that assets in European or "offshore" money market mutual funds increased over the past 30 days to a record $1.634 trillion, rising from $1.604 trillion the month prior. Yields were mostly lower, while assets for USD, EUR and GBP MMFs all rose over the past month. Like U.S. money fund assets, European MMFs have repeatedly hit record highs in 2023, 2024 and 2025 (after a pause in Q2'25). These U.S.-style money funds, domiciled in Ireland or Luxembourg and denominated in US Dollars, Pound Sterling and Euros, increased by $48.4 billion over the 30 days through 1/14. The totals are up $49.3 billion (3.1%) year-to-date for 2026. They were up $151.9 billion (10.6%) for 2025, up $235.3 billion (19.7%) for 2024 and up $166.9 billion (16.2%) for the year 2023. (Note that currency moves in the U.S. Dollar cause Euro and Sterling totals to shift when they're translated back into totals in USD. See our latest MFI International for more on the "offshore" money fund marketplace. These funds are only available to qualified, non-U.S. investors and are almost entirely institutional.)
MFI PDF February 2022 Issue |
Largest Money Fund Managers |
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The February 2022 issue of Money Fund Intelligence features: "Fee Waivers Poised to Shrink, MMF Revenue Ready to Jump," which discusses recent earnings calls and expectations for Fed hikes to remove waivers; "Money Fund University '22 Highlights: Supply, New Regs," which quotes from our latest basic training conference; and, "Swing Pricing Main Focus in SEC's Money Fund Reforms," which covers articles explaining the SEC's controversial fee proposal. Each monthly issue of Money Fund Intelligence features news, performance information and rankings on money market mutual funds. Statistics include: assets, weighted average maturity, weighted average life, expense ratio, 7-day yield, 30-day yield, 1-year, 3-yr, 5-yr, 10-yr, and since inception return, as well as 7- and 30-day gross yields. MFI also contains tables of the top-yielding and the largest money funds, and our benchmark Crane Money Fund Indexes. Subscriptions are $500 a year, and include online access to archived issues and additional features. Bulk discounts and site licenses are available. Write info@cranedata.com or call 1-508-439-4419 to subscribe or to request more information. |
The table below is excerpted from our monthly spreadsheet product, Money Fund Intelligence XLS. It shows the largest money market mutual fund managers as of January 31, 2022. (MFI XLS contains percentile rankings, fund family rankings, MNAVs, WLA, portfolio composition, and more).
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Crane Data is a money market and mutual fund information company founded by Peter G. Crane and Shaun Cutts. We collect money market mutual fund, bank savings, and cash investment performance, statistics, and information and distribute rankings, news, and indexes.
Crane Data publishes Money Fund Intelligence, Money Fund Intelligence XLS, Money Fund Wisdom, the Crane Money Fund Indexes, and a series of products tracking money markets, mutual funds and cash investments. We also produce conferences, including Crane's Money Fund Symposium. For more information and samples, e-mail info@cranedata.com or call us at 1-508-439-4419.
The Public Funds Investment Institute (PFII) writes on "LGIPs: New Pools and Manager Changes." They explain, "In October 2024 we wrote about local government investment pools changing managers. It's unusual but not unheard of in the LGIP business. Sometimes an LGIP simply replaces a manager and sometimes local governments band together to create a new fund to bring in a manager or expand competition in a state. We've seen both recently." The PFII writes, "California: CalFIT (California Fixed Income Trust) is a new LGIP that began offering a stable value portfolio in the fall. It invests in government and high grade corporate and bank obligations and is managed by Chandler Asset Management, a California based firm that entered the LGIP business in 2024 when it replaced Public Trust Advisors as manager of the FL SAFE LGIP in Florida. As of December 31, 2025, CalFIT reported $331 million in assets. California has a long-established state-sponsored and three other local-sponsored LGIPs. Large states are well able to support multiple LGIPs. California joins Florida and Texas in this regard." The piece continues, "New York: The EPIC Fund, (Empire Public Investment Cooperative Fund of New York) is in creation. It is sponsored by the Association of Towns and will be managed by US Bank's PFM Asset Management organization. S&P Global issued a rating for the new fund (AAAm) in December. The rating describes the fund as seeking to maintain a stable asset value by investing only in U.S. government obligations, repurchase agreements and collateralized bank deposits. Other New York LGIPs are managed by …
Thrivent is seeking a Senior Money Market Portfolio Manager in Minneapolis. The posting says, "The Money Market Portfolio Manager is responsible for the management of the organization’s 2(a)7 mutual funds and the overall management of the organization’s cash holdings across multiple accounts and portfolios."
"Deutsche Hires von Sprecher" says a brief in the Securities Finance Times. It explains, "Deutsche Bank has appointed Cassandra von Sprecher as global head of agency securities lending sales." She was formerly with State Street and formerly Casandra (Cassie) Jones.
"Treasury Curve Appoints Fred Berretta as Vice President of Partnerships to Accelerate Channel Growth," says a press release.
Please join us for our next live conference, Bond Fund Symposium, which will take place in person March 28-29, 2022 in Newport Beach, Calif. Bond Fund Symposium focuses on ultra-short bond funds and investing beyond money market funds. Also, mark your calendars for our next big show, Money Fund Symposium, which is scheduled for June 20-22, 2022 in Minneapolis, Minn., and for our next European Money Fund Symposium, which is scheduled for Sept. 27-28, 2022 in Paris, France. Finally, thanks to those who attended and supported our recent Money Fund University. We'll hold our next MFU on Dec. 15-16, 2022 in Boston, Mass. Watch for details in coming months. Let us know if you'd like more information on any of our shows, and we hope to see you back out on the road soon! Note that conference recordings and materials are available to conference attendees and Crane Data subscribers at the bottom of our "Content" page.