| BlackRock Lq TempCash Inst (TMCXX) | 3.71 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.71 |
| JPMorgan Prime MM Capital (CJPXX) | 3.70 |
| Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 3.69 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.61 |
| Invesco Premier Institutional (IPPXX) | 3.72 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.72 |
| Allspring MMF Prm (WMPXX) | 3.71 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.70 |
| UBS Prime Preferred Fund (UPPXX) | 3.68 |
| Federated Hermes Muni Oblig WS (MOFXX) | 2.43 |
| Allspring Nat Tax-Free Prem (WFNXX) | 2.36 |
| JPMorgan Municipal MM Inst (IJMXX) | 2.33 |
| Vanguard Municipal MMF (VMSXX) | 2.29 |
| Western Asset Select Tax Free Res Sel (CIFXX) | 2.29 |
A press release titled, "ProShares Launches IQMM, the First Money Market ETF for the GENIUS Act," tell us, "ProShares, a premier provider of exchange-traded funds (ETFs), ... announced the launch of the ProShares GENIUS Money Market ETF (IQMM), the first money market ETF to meet the stringent requirements of the GENIUS Act, making it eligible for investment for stablecoin reserves. IQMM provides a flexible, transparent option for investors seeking a high-quality cash management solution. The fund invests exclusively in short-term U.S. Treasuries with a focus on principal preservation and stability." (Note: Register soon and make your hotel reservations ASAP <i:https://www.cranesbfsymposium.com/hotel-and-travel>`_ for our upcoming Bond Fund Symposium, which is March 19-20 in Boston. Our discounted hotel rate expires on Tuesday, Feb. 24. See you next month!)
MFI PDF February 2022 Issue |
Largest Money Fund Managers |
|
|
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).
|
|
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 press release titled, "BNP Paribas explores public blockchain infrastructure for money market fund tokenisation," tells us, "BNP Paribas Asset Management has issued a tokenised share class of an existing French-domiciled money market fund, marking a new step in its exploration of fund tokenisation using public blockchain infrastructure. The project involved the issuance of a tokenised share class of the BNP Paribas Asset Management money market fund on the public Ethereum network via BNP Paribas' AssetFoundry platform. The tokenised shares are issued under a permissioned access model, whereby holdings and transfers are restricted to eligible and authorised participants, in line with applicable regulatory requirements." The release continues, "This initiative follows BNP Paribas Asset Management's earlier tokenised money market fund issuance in Luxembourg on a private blockchain. This second tokenised money market fund project was implemented using a different technological and operational setup through a public blockchain. Together, these initiatives reflect BNP Paribas' approach to exploring multiple tokenisation and distribution models to better serve the fund managers and their investors.... The tokenised fund shares were issued on the public Ethereum network with permissioned tokens ensuring that only eligible participants can hold and transfer the tokens, while benefiting from the strength and broad adoption of public blockchain infrastructure. This approach allows BNP Paribas and BNP Paribas Asset Management to assess, how public blockchains can be integrated into regulated fund structures, while maintaining the highest standards of governance, investor protection, and operational robustness." Edouard Legrand, Chief Digital and Data Officer at BNP Paribas Asset Management, comments, "BNP Paribas Asset Management is committed to driving innovation that will ultimately benefits our clients. This second issuance of tokenised money market funds, this time using public blockchain infrastructure, supports …
Thrivent is seeking a Senior Money Market Portfolio Manager in Minneapolis. The posting says, "The Money Market Portfolio Manager is responsible for the management of the organization’s 2(a)7 mutual funds and the overall management of the organization’s cash holdings across multiple accounts and portfolios."
"Deutsche Hires von Sprecher" says a brief in the Securities Finance Times. It explains, "Deutsche Bank has appointed Cassandra von Sprecher as global head of agency securities lending sales." She was formerly with State Street and formerly Casandra (Cassie) Jones.
"Treasury Curve Appoints Fred Berretta as Vice President of Partnerships to Accelerate Channel Growth," says a press release.
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.