| JPMorgan Prime MM Capital (CJPXX) | 3.67 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.67 |
| Morgan Stanley Inst Liq Prime Inst (MPFXX) | 3.65 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.64 |
| BlackRock Lq TempCash Inst (TMCXX) | 3.63 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.68 |
| Invesco Premier Institutional (IPPXX) | 3.66 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.66 |
| Allspring MMF Prm (WMPXX) | 3.65 |
| Federated Hermes Prime Cash Oblig WS (PCOXX) | 3.63 |
| Goldman Sachs Inv Tax-Ex MMF In (FTXXX) | 1.92 |
| Allspring Nat T-F Prem (WFNXX) | 1.90 |
| Federated Hermes Muni Oblig WS (MOFXX) | 1.88 |
| Schwab NY Municipal MF Ultra (SNYXX) | 1.82 |
| JPMorgan Municipal MM Instit (IJMXX) | 1.81 |
The European Central Bank's (ECB) Isabel Schnabel recently gave a speech titled "From Money Market Funds to Stablecoins: Lessons for Central Banks," which discussed the history and parallels of money market mutual funds with stablecoins. She says, "The nature of money has never been static. Over the centuries, financial innovation has reshaped how money is created, transferred and stored, often enhancing efficiency, broadening access and boosting economic welfare. When such innovations reach scale, they alter the structure of the financial system, with consequences for financial stability, monetary policy and the international monetary order. One recent innovation has been stablecoins. These are privately issued digital tokens pegged to fiat currencies and typically backed by portfolios of traditional assets. Their rapid rise has raised questions about their benefits and challenges. To understand the unfolding changes, it is worth looking at how earlier innovations transformed financial markets." (Note: Register soon for our upcoming Money Fund Symposium, which takes place in just 3 weeks in Jersey City, N.J., June 24-26. We look forward to seeing you later this month!)
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 Wall Street Journal wrote earlier this week that, "We're Keeping Too Much Cash in Our Accounts These Days." They explain, "Most Americans couldn't cover an emergency expense of $1,000 without borrowing money. That's probably less …
Linda Klingman, Schwab Asset Management's Head of Money Market Strategies, will retire Sept. 4. Senior Portfolio Manager Lynn Paschen will become Head of Money Market Strategies. Best wishes and thanks to Linda for her more than 35 years of service!
Allen Hoppe is retiring from the City of Minneapolis. Dave Wheeler will take over as Senior Manager. We wish Allen all the best in retirement!
Cory Ryan joined Barclays to head NY Sales. He was previously with Jefferies. Meanwhile London-based Steve Collins is no longer with Barclays.
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.