| Morgan Stanley Inst Liq Prime Inst (MPFXX) | 4.33 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 4.30 |
| BlackRock Lq TempCash Inst (TMCXX) | 4.30 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 4.30 |
| JPMorgan Prime MM Capital (CJPXX) | 4.30 |
| Allspring MMF Prm (WMPXX) | 4.36 |
| Invesco Premier Institutional (IPPXX) | 4.34 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 4.34 |
| UBS Prime Preferred Fund (UPPXX) | 4.33 |
| Federated Hermes Prime Cash Oblig WS (PCOXX) | 4.28 |
| Goldman Sachs Inv Tax-Ex MMF In (FTXXX) | 2.43 |
| Federated Hermes Muni Oblig WS (MOFXX) | 2.06 |
| Allspring Nat T-F Prem (WFNXX) | 2.02 |
| JPMorgan Tax Free MM Instit (JTFXX) | 2.02 |
| Schwab AMT Tax Free MF Ultra (SCTXX) | 1.98 |
Money Market News
MORE NEWS »
A press release from Singapore titled, "OpenEden Selects BNY to Provide Investment Management and Custody Services for its Tokenized U.S. Treasury Bills ($TBILL) Fund," tells us, "OpenEden, a leading platform for the tokenization of Real-World Assets ('RWAs'), ... announced the appointment of certain affiliates of The Bank of New York Mellon Corporation ('BNY') (BK) ... as investment manager and primary custodian for the underlying assets of its flagship Tokenized U.S. Treasury Bills ('$TBILL') Fund, the world's first tokenized U.S. Treasury fund to receive an investment grade 'A' rating from Moody's. The strategic relationship highlights OpenEden and BNY's shared commitment to shaping the future of financial infrastructure by facilitating regulated and institutional-grade assets on chain for global investors." (For more, see our August 7 News, "August Money Fund Intelligence: BNY Portal Tokenizes; ICD's Tory Hazard; Stablecoins in Q2.")
Inside Money Fund Intelligence
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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About Crane Data LLC
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.
Link of the Day
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Aug 18
BPI: Close the Stablecoin Loophole
The BPI, or Bank Policy Institute, writes on "Closing the Payment of Interest Loophole for Stablecoins." They explain, "As policymakers consider digital asset market structure legislation, it is important that the requirements in the GENIUS Act, now signed into law, prohibiting the payment of interest and yield on stablecoins are not evaded or undermined.... Payment stablecoins do not substitute for bank deposits, money market funds or investment products, and payment stablecoin issuers are not regulated, supervised or examined in the same way. These distinctions are why payment stablecoins should not pay interest the way highly regulated and supervised banks do on deposits or offer yield as money market funds do." They comment, "Bank deposits are an important source of funding for banks to make loans, and money market funds are securities that make investments and subsequently offer yield. Payment stablecoins serve a different purpose, as they neither fund loans nor are regulated as securities." The BPI brief states, "The Treasury Department issued a report in April estimating that stablecoins could lead to as much as $6.6 trillion in deposit outflows, depending on whether stablecoins are able to offer interest or yield. With affiliates of stablecoin issuers or exchanges still being able to pay interest on stablecoins, the risk of significant deposit flight is even greater.... Banks power the economy by turning deposits into loans. Incentivizing a shift from bank deposits and money market funds to stablecoins would end up increasing lending costs and reducing loans to businesses and consumer households." The piece adds, "The GENIUS Act contained a prohibition on stablecoin issuers offering interest or yield, as well as other financial and non-financial rewards, to holders of stablecoins. However, …
Aug 14
ICI MF Port Holdings Summary
People
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Jul 16
Abate Moves to SMBC Nikko Securities
Joseph Abate is the new Head of Rates Strategy at SMBC Nikko Securities. He was previously with Barclays.
Jul 03
Lupica Joins Academy Securities
A press release says, "Kim Lupica Joins Academy Securities as Managing Director, Commercial Paper Trading & Origination." She was previously at Bank of America.
Jun 16
Vanguard Seeks Portfolio Manager
Vanguard is seeking a Taxable Money Market Portfolio Manager in Malvern, Pa.
Crane Data News & Features
contact us »Bond Fund Symposium Going to Calif.
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.