"Janus, Reserve, Russell Rank as Top Money Funds" says ignites.com
"Janus, Reserve, Russell Rank as Top Money Funds" says ignites.com. Citing preliminary Crane Data rankings, the article contains a table of the No. 1 ranked money funds for 2007 in six different categories. Janus Institutional Cash Management, Reserve Primary Institutional and Russell Money Market Fund S all "tied for the top spot with a return of 5.37%. Close behind were Oppenheimer Institutional MM E and Putnam Prime Money Market at 5.36%. Monarch Daily Assets Government Pref and Morgan Stanley Inst Liq Govt Inst, "which yielded 5.17%, were first among government money funds," says ignites. Fidelity Select MMF and Vanguard Prime MMF tied for the No. 1 Prime Individual spot with a return of 5.14%, and Vanguard Federal MMF's 5.07% ranked first among Govt Individual money funds. Full 2007 rankings will be available tomorrow in Money Fund Intelligence and MFI XLS.
