| Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 4.72 |
| JPMorgan Prime MM Capital (CJPXX) | 4.65 |
| State Street Inst Liq Reserve Prem (SSIXX) | 4.63 |
| BlackRock Lq TempCash Inst (TMCXX) | 4.63 |
| Western Asset Prem Inst Liq Res Cap (WAAXX) | 4.59 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 4.73 |
| First American Ret Prime Obligs X (FXRXX) | 4.67 |
| UBS Prime Preferred Fund (UPPXX) | 4.66 |
| Allspring MMF Prm (WMPXX) | 4.66 |
| JPMorgan Liquid Assets Capit (CJLXX) | 4.63 |
| Federated Hermes Muni Obligs WS (MOFXX) | 3.20 |
| Allspring Nat T-F Prem (WFNXX) | 3.08 |
| Vanguard Municipal MMF (VMSXX) | 3.03 |
| T Rowe Price Tax Exempt MF I (TERXX) | 3.02 |
| JPMorgan Municipal MM Inst (IJMXX) | 3.01 |
Money Market News
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Crane Data's latest monthly Money Fund Market Share rankings show assets increasing among most of the largest U.S. money fund complexes in November, after rising in October, September, August, July, June and May. Assets fell in March and April. Money market fund assets rose by $196.1 billion, or 2.9%, last month to a record $7.064 trillion. Total MMF assets have increased by $443.5 billion, or 6.7%, over the past 3 months, and they've increased by $777.2 billion, or 12.4%, over the past 12 months. The largest increases among the 25 largest managers last month were seen by BlackRock, JPMorgan, Vanguard, Morgan Stanley and Fidelity, which grew assets by $32.8 billion, $31.2B, $27.6B, $27.1B and $19.9B, respectively. Declines in November were seen by SSGA and HSBC, which decreased by $4.3 billion and $1.2B, 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 lower in November.
Inside Money Fund Intelligence
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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About Crane Data LLC
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.
Link of the Day
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Dec 07
Reuters: Chinese MMF Yields Falling
A piece on the website Zawya published by Reuters News titled, "Biggest Chinese money market fund's yield nears record low," tells us, "The yield on China's popular Yu'Ebao money market fund has dropped to near record lows, reflecting lower interest rates and anaemic growth, despite efforts to stabilise the economy. Analysts said the yield on the Tianhong Yu'Ebao, which is China's largest with more than 600 million investors, will likely fall further as the country's economy faces fresh headwinds." They quote Rocky Fan, economist at Guolian Securities, "In the medium term, the yield could go down further if China fails to stabilise the economy." The piece says, "The seven-day, annualised yield of Tianhong Yu'Ebao, the $100 billion fund sold via popular payment app Alipay, has dropped to 1.294%, just above the record low hit during the COVID-19 pandemic in November, 2022. Money market funds, which park most of their assets in bank deposits, have been hard hit by recent rounds of reductions in deposit rates, said Ivan Shi, head of research at fund consultancy Z-Ben Advisors, predicting their yields will fall." She tells Reuters, "Fund managers may also be under pressure to lower their fees, now that lower yields have made the cost of holding money market funds relatively higher." The piece adds, "Yu'Ebao was launched in 2013 by Tianhong Asset Management Co, a mutual fund company controlled by Ant Group. Its seven-day yield of less than 1.3% compares with a peak of around 7% a decade ago, and the downward trend …
Dec 04
Weekly MF Portfolio Holdings
People
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Nov 22
DWS's Matt Plomin Passes Suddenly
We were stunned and saddened by the news that DWS Head of Money Market Credit Matt Plomin passed away suddenly last week. (See the Obituary here.) Our deepest condolences to the Plomin family and to his friends and colleagues at DWS.
Oct 02
Martello Joins Deutsche's DWS
Mark Martello has joined DWS, Deutsche Bank's asset management arm, as Relationship Manager - Head of Midwest Corporate Coverage. He was previously with Dreyfus.
Sep 17
Lotharius Joins Cavu Securities
Tony Lotharius recently joined Cavu Securities as a Managing Director - Cash Solutions. He was previously at State Street.
Crane Data News & Features
contact us »Bond Fund Symposium Going to Calif.
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.