| Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 3.95 |
| BlackRock Lq TempCash Inst (TMCXX) | 3.95 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.94 |
| JPMorgan Prime MM Capital (CJPXX) | 3.94 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.90 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.96 |
| Invesco Premier Institutional (IPPXX) | 3.95 |
| Goldman Sachs Investor MM Inst (FMJXX) | 3.94 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.93 |
| Allspring MMF Prm (WMPXX) | 3.93 |
| Goldman Sachs Inv Tax-Ex MMF In (FTXXX) | 2.49 |
| JPMorgan Tax Free MM Instit (JTFXX) | 2.25 |
| Allspring Nat T-F Prem (WFNXX) | 2.23 |
| Federated Hermes Muni Oblig WS (MOFXX) | 2.22 |
| Fidelity Inv MM: Tax Exempt I (FTCXX) | 2.18 |
A release titled, "Jiko Expands Access to T-Bill Offering," tells us, "Jiko is bringing 24/7 liquid U.S. Treasury bills (T-bills) to Morgan Stanley Investment Management (MSIM), providing CashInvest by Morgan Stanley (CashInvest) clients access to automated direct T-bill ownership. CashInvest by Morgan Stanley is an institutional cash management platform used by treasurers and cash managers to consolidate global cash investing through a single online trading interface. The partnership gives CashInvest clients access to Jiko's T-bill offering as a new option. Jiko's offering is designed to provide direct ownership of T-bills, held in the client's name, without the manual work that investing in T-bills has traditionally required."
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.
Law firm Pinsent Masons writes "Ireland can capitalise on growth of tokenised funds," which says, "Ireland has an opportunity to translate its established leadership in money market funds and fund servicing into a leading position in the emerging market for tokenised funds. As tokenisation moves from proof of concept to commercial reality, policymakers, regulators and industry participants are increasingly focused on how distributed ledger technology could transform the way fund ownership is recorded, transferred and serviced." The piece continues, "The European Central Bank estimated the global market for tokenised money market funds was approximately €7 billion at the end of 2025, having roughly doubled during that year. Its conclusion confirms that the market remains small relative to conventional funds, but it is expanding rapidly and demonstrates genuine demand, particularly for liquidity management and collateral use." It asks, "What is a tokenised money market fund? A tokenised money market fund is a regulated investment fund that invests in short-term, high-quality assets. The distinction is that its shares are recorded using distributed ledger technology (DLT). A token evidences an investor's shareholding in a fund, typically on a one-token-per-share basis. The token is neither a stablecoin nor a new economic asset; it is a digital representation of an existing fund share. The fund itself remains subject to the existing regulatory framework, including Regulation (EU) 2017/1131 (the Money Market Funds Regulation). Importantly, the tokenisation of a fund share does not alter its regulatory status." Finally, the update adds, "To date, the representation of fund shares in Ireland as tokens has used the digital twin model. In this model 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.