| JPMorgan Prime MM Capital (CJPXX) | 3.69 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.68 |
| Morgan Stanley Inst Liq Prime Inst (MPFXX) | 3.67 |
| BlackRock Lq TempCash Inst (TMCXX) | 3.66 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.63 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.71 |
| Invesco Premier Institutional (IPPXX) | 3.69 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.68 |
| Allspring MMF Prm (WMPXX) | 3.68 |
| Federated Hermes Prime Cash Oblig WS (PCOXX) | 3.65 |
| Vanguard Municipal MMF (VMSXX) | 2.78 |
| Federated Hermes Muni Oblig WS (MOFXX) | 2.73 |
| JPMorgan Municipal MM Inst (IJMXX) | 2.66 |
| Schwab NY Municipal MF Ultra (SNYXX) | 2.66 |
| Goldman Sachs Inv Tax-Ex MMF In (FTXXX) | 2.64 |
The European Commission recently published, a "Report on the Adequacy of the Money Market Funds Regulation from a Prudential and Economic Point of View." The paper explains, "The Money Market Funds Regulation (the MMF Regulation) entered into force in 2018 and set out a comprehensive framework for EU money market funds (MMFs). It recognises their major role in financing the economy, in particular short-term funding to public authorities and corporates, and meeting investors' need. EU MMFs offer a liquid, well-regulated investment tool that contributes to meeting the objectives of the Savings and Investments Union." (See Friday's News, "European Money Fund Assets Inch Down to $1.67 Tril; MFI Intl Holdings," which comments, "The FCA, which regulates markets in the U.K., published a policy paper titled, 'Reforms to Money Market Fund Regulations.'"
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 called Institutional Asset Manager posted a news piece titled, "HSBC Asset Management launches Euro Government Liquidity Fund," which says, "HSBC Asset Management (HSBC AM) has announced the launch of the HSBC Euro Government Liquidity Fund, designed to offer institutional investors a euro liquidity solution focused on capital preservation and liquidity to support their day-to-day cash management needs. The fund is a euro-denominated Public Debt Constant Net Asset Value (CNAV) money market fund investing in a diversified portfolio of short-term EU government money market securities, instruments and obligations issued or guaranteed by EU governments. This approach aims to preserve capital and maintain daily liquidity, while seeking to generate a competitive yield relative to normal short-term euro-denominated government returns." The article says, "The firm writes that this approach is intended to support institutional investors looking for a liquidity vehicle aligned to capital preservation and liquidity priorities, particularly where risk appetite, governance frameworks or accounting requirements call for a high-quality, highly liquid approach. The launch expands HSBC AM's Global Liquidity range to complement its existing flagship Euro and ESG Euro Liquidity offerings and aims to provide clients with more choice in how they structure their most conservative euro cash allocations. Against a backdrop of ongoing regulatory discussion and evolving expectations around liquidity resilience, the fund broadens HSBC AM's euro government liquidity capability to support clients' liquidity planning." They quote Jonathan Curry, Global CIO, Liquidity, "Cash management has evolved from a purely operational function to a strategic priority with institutional investors increasingly reassessing investment guidelines and building flexibility, especially where governance, accounting or risk appetite requires a highly liquid, high- …
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.
Mike Cloherty has joined CIBC as Head of US Rates Strategy. He was previously with UBS.
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.