| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.71 |
| JPMorgan Prime MM Capital (CJPXX) | 3.71 |
| BlackRock Lq TempCash Inst (TMCXX) | 3.69 |
| Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 3.69 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.63 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.72 |
| Allspring MMF Prm (WMPXX) | 3.71 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.71 |
| Invesco Premier Institutional (IPPXX) | 3.71 |
| Goldman Sachs Investor MM Inst (FMJXX) | 3.70 |
| Goldman Sachs Inv Tax-Ex MMF In (FTXXX) | 2.06 |
| Allspring Nat T-F Prem (WFNXX) | 1.90 |
| Federated Hermes Muni Oblig WS (MOFXX) | 1.84 |
| JPMorgan Tax Free MM Instit (JTFXX) | 1.78 |
| Schwab Municipal MF Ultra (SWOXX) | 1.78 |
The Federal Reserve released its latest quarterly "Z.1 Financial Accounts of the United States" statistical survey (a.k.a. "Flow of Funds") Friday, and among the 4 tables it includes on money market mutual funds, the Second Quarter 2026 edition shows that Total MMF Assets increased by $152 billion to $8.441 trillion in Q2'26. The Household Sector, by far the largest investor segment with $5.327 trillion, saw the biggest asset increase in Q2, followed by Mutual Funds and Nonfinancial Corporate Business. The Fed's latest Z.1 numbers, which contain one of the few looks at money fund investor segments available, also showed noticeable increases for the Other Financial Business (formerly Funding Corps) and Hedge Funds categories in Q2 2026. (Note: We look forward to seeing those of you going to our European Money Fund Symposium in Paris, Sept. 24-25! Safe travels!)
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.
A publication named Fund Selector Asia published a brief titled, "BlackRock authorised for its first tokenised money market fund in Hong Kong." It explains, "BlackRock ... announced that it has received regulatory authorisation for the BlackRock HKD Digital Liquidity fund, a Hong Kong-domiciled Hong Kong dollar money market fund designed to operate across traditional and digital financial channels. The fund will combine blockchain technology with the established characteristics of a professionally managed money market fund, enabling eligible investors of all types to transact through traditional and on-chain channels, with the aim of enhancing efficiency, transparency and access, according to a statement by the asset manager." The piece says, "[T]he fund will be BlackRock's first tokenised offering in Hong Kong and Asia Pacific, and the first Hong Kong domiciled money market fund to offer a constant net asset value (CNAV) to both institutional and retail investors in the local market.... Backed by BlackRock's institutional-grade cash management, the fund seeks to provide liquidity, stability and income by investing in high-quality, short-term Hong Kong dollar money market instruments, such as government bills and deposits. The fund will add to BlackRock's global suite of tokenised money market funds, spanning the US, Europe and Asia Pacific." The release adds, "Investors will be able to use HKDAP – one of the first regulated on-chain Hong Kong dollar-backed stablecoins, issued by Standard Chartered-led Anchorpoint Financial Limited – to subscribe and redeem from the fund. This serves as the first commercial application for Standard Chartered as the bank distributor of HKDAP. Standard Chartered will also act as custodian, fund administrator and trustee …
Tory Hazard retired from Tradeweb/ICD. (See his LinkedIn post here.) He was CEO of ICD when it was acquired by Tradeweb, and was currently Head of the ICD Portal business for Tradeweb. We thank Tory for everything and wish him all the best!
Western Asset, part of Franklin Templeton, is seeking a Research Analyst based in New York. Click here for info.
Greg Sirochinsky has joined Wells Fargo as a Managing Director & Head of Fixed Income Financing Sales. He was previously with Deutsche Bank.
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.