| Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 3.93 |
| BlackRock Lq TempCash Inst (TMCXX) | 3.93 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.91 |
| JPMorgan Prime MM Capital (CJPXX) | 3.89 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.87 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.95 |
| Invesco Premier Institutional (IPPXX) | 3.91 |
| Allspring MMF Prm (WMPXX) | 3.91 |
| First American Ret Prime Obligs X (FXRXX) | 3.90 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.89 |
| Vanguard Municipal MMF (VMSXX) | 3.29 |
| Federated Hermes Inst Tax-Fr Cash Tr Pr (FTFXX) | 3.29 |
| JPMorgan Inst Tax Free MM Capital (JOCXX) | 3.27 |
| Western Asset Select Tax Free Res Sel (CIFXX) | 3.26 |
| BlackRock Liq MuniCash Inst (MCSXX) | 3.24 |
Crane Data's latest monthly Money Fund Market Share rankings show assets lower among the largest U.S. money fund complexes in September, after being higher in August. Assets have increased in 22 of the past 27 months (April 2025, March 2026, April 2026, July 2026 and September 2026 saw declines). Money market fund assets fell by $51.0 billion, or -0.6%, last month to $8.298 trillion. Total MMF assets decreased by $56.8 billion, or -0.7%, over the past 3 months, and they've increased by $585.9 billion, or 7.6%, over the past 12 months. The largest increases among the 25 largest managers last month were seen by Morgan Stanley, DWS, BNY Dreyfus, HSBC and Goldman Sachs, which grew assets by $12.5 billion, $6.8B, $5.7B, $5.2B and $3.7B, respectively. Declines in September were seen by Fidelity, State Street, American Funds, Federated Hermes and Vanguard, which decreased by $24.5 billion, $16.3B, $7.2B, $5.3B and $4.8B, respectively. Our domestic U.S. "Family" rankings are available in our MFI XLS product, our global rankings are available in our MFI International product. The combined "Family & Global Rankings" are available to Money Fund Wisdom subscribers. We review the latest market share totals, and look at money fund yields, which were higher in September.
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.
An article titled, "BlackRock's Nikhil Sharma pitches tokenized money market funds as instant collateral at TOKEN2049," on a website called Crypto Briefing," tells us, "Nikhil Sharma, BlackRock's Director of Digital Assets, says tokenized money market funds could be posted as collateral directly. That means no redemption step and no waiting days for cash to settle. Sharma is on the speaker lineup for TOKEN2049 Singapore 2026, set for October 7-8 at Marina Bay Sands. His focus is tokenized money market funds (tMMFs) and stablecoins." The piece adds, "On August 3, 2026, BlackRock launched two new tokenized funds: BSTBL and BRSRV. Both are targeting eligibility as reserve assets under the US GENIUS Act, the federal framework for stablecoins. BRSRV is built specifically for stablecoin reserves and digital-native institutions. Both products build on BUIDL, the tokenized fund BlackRock introduced in March 2024. BUIDL currently manages around $2.5 billion in assets. BlackRock has rolled out tokenized share classes for its European UCITS money market funds, which totaled $311 billion in assets under management as of June 30, 2026." In related news, a speech from the ISDA Digital Assets Forum" quotes Scott O'Malia's Opening Remarks." He comments, "I'll start with tokenization. By enabling near-instant settlement, improving intraday liquidity management and enhancing cross-border collateral mobility, tokenization has the potential to bring substantial efficiency gains to the derivatives market. It also opens the door to new types of assets being posted as collateral, with tokenized money market funds emerging as the front-runner. With trillions of dollars held globally, money market funds have always been a …
J.P. Morgan Euro CP Trader Dan Singer passed away suddenly recently. Our deepest condolences go out to his family and colleagues. He will be missed. (See a statement here and news brief here.)
Tom Chang is now a Managing Director in the Financial Institution's Group with Invesco Global Liquidity. He was formerly with Allspring.
Teresa Ho left J.P. Morgan Securities to start a new position as `US Macro Strategist at Fidelity Investments. We wish Teresa luck!
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.