| Morgan Stanley Inst Liq Prime MMP Inst (MPFXX) | 3.93 |
| BlackRock Lq TempCash Inst (TMCXX) | 3.92 |
| Federated Hermes Inst Prime Obligs IS (POIXX) | 3.90 |
| JPMorgan Prime MM Capital (CJPXX) | 3.89 |
| Western Asset Prem Inst Liq Res Capital (WAAXX) | 3.88 |
| Morgan Stanley IL Liq MMP Wealth (MWMXX) | 3.94 |
| Invesco Premier Institutional (IPPXX) | 3.90 |
| Allspring MMF Prm (WMPXX) | 3.90 |
| First American Ret Prime Obligs X (FXRXX) | 3.90 |
| JPMorgan Liquid Assets Capit (CJLXX) | 3.88 |
| Vanguard Municipal MMF (VMSXX) | 3.33 |
| Federated Hermes Inst Tax-Fr Cash Tr Pr (FTFXX) | 3.13 |
| JPMorgan Inst Tax Free MM Capital (JOCXX) | 3.08 |
| BlackRock Liq MuniCash Inst (MCSXX) | 2.81 |
| Western Asset Select Tax Free Res Sel (CIFXX) | 2.74 |
Northern Trust is the latest financial firm to report its Q3'26 earnings, and the company discusses digital assets, deposits and liquidity. Chairman and CEO Mike O'Grady comments, "In digital assets, our role is to help clients connect traditional and digital financial markets with the institutional standards of control, servicing, and risk management they expect. Demand is translating into mandates across tokenization, digital settlement infrastructure, and stablecoin-related solutions, with momentum in asset servicing building in the third quarter. We also expanded our digital liquidity capabilities with the launch of the Northern Institutional Funds Stablecoin Cash Reserves Portfolio, a money market fund that helps stablecoin issuers meet their reserve needs through high quality, short-term U.S. government assets. Separately, earlier this year, we introduced a tokenized share class of our Treasury Instruments Portfolio. Together, these launches demonstrate our continued focus on product innovation and help ensure we're well-positioned to meet client needs as the digital ecosystem evolves. Digital assets remains an emerging business for us, and we will continue to build our capabilities thoughtfully."
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 press release titled, "Hargreaves Lansdown launches UK's lowest-cost retail money market fund exclusively for clients as demand surges," tells us, "With more than £600bn of excess cash held in the UK and the four biggest banks paying an average of just 0.95%, it's clear many savers could be making their cash work harder. Over the last year, HL has invested more than £100m in its products and services, building out a distinctive range of savings and investment options around client needs. The HL Money Market Fund gives clients a cash-like way to invest, sitting alongside Active Savings and the HL Cash ISA." Doug Abbott, Chief Product Officer at Hargreaves Lansdown, comments, "More than 25 times as many HL clients invest in money market funds as they did five years ago, and they're set to become even more popular once the new Cash ISA rules come into force next April. For anyone exploring options for their cash, the HL Money Market Fund offers a lower-risk way to start investing, with the flexibility of same-day access and a higher expected return than you’d get in an easy access account with one of the big banks." The release states, "Despite increased demand, understanding of MMFs remains low. IA research found only 31% of Cash ISA holders have any knowledge of them, yet once given a clear explanation, 64% said they would consider investing in one. The HL Money Market Fund can be held across all investment accounts, so clients can keep money they may need soon readily available, alongside their longer-term money which can …
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.