The March issue of Crane Data's Money Fund Intelligence was e-mailed to subscribers yesterday and our February 29, 2012 monthly performance data and rankings were distributed via our Money Fund Intelligence XLS monthly spreadsheet, our Money Fund Wisdom database query website and our Crane Index money fund averages series. (Our monthly Money Fund Portfolio Holdings with 2/29/12 data will be distributed on the 9th business day, March 13.) The new edition of MFI features the articles: "Battle Is Joined Over Pending 2a-7 Proposals," which discusses the war over the SEC's pending Money Market Fund Reforms; "Invesco Thinks Long-Term With Short-Term Investing," our monthly fund "profile" which interviews Invesco's Greg McGreevey, Lyman Missimer, and Tony Wong; and, "Insured Deposits Continue Soaring, But Is Party Over?," which reviews the status and pending expiration in 2012 of unlimited FDIC insurance on noninterest bearing accounts.
Our lead piece says, "Since the S.E.C. leaked details of its pending Money Market Fund Reform Proposals to The Wall Street Journal in early February, a frenzy of activity and lobbying has commenced. Money funds and the broader public have been deluged with comment letters, editorials, articles and studies, all discussing an imminent 2a-7 proposal expected to include a capital buffer, 'holdback' or minimum provisions, and/or a floating NAV option."
The Invesco Profile, which we'll excerpt later this month, tell us, "This month, Money Fund Intelligence speaks with Invesco’s Greg McGreevey, CEO of Fixed Income; Lyman Missimer, head of global cash management; and Tony Wong, head of global cash management research. We ask the three about recent initiatives, pending regulatory proposals, and a number of other money fund-related issues. Our interview follows."
The third feature piece in our monthly says, "The FDIC's latest statistics show bank deposits continue raking in huge amounts of cash. But the expiration of the unlimited FDIC insurance coverage at the end of 2012 has the potential to bring hundreds of billions back into money funds." The March issue also contains monthly News, Indexes, top rankings and extensive performance tables. E-mail info@cranedata.us to request the latest issue.
In other news, a press release entitled, "Federated Investors, Inc.'s President and CEO J. Christopher Donahue to Present at Citi Financial Services Conference" says, "Federated Investors, Inc., one of the nation's largest investment managers, announced today that President and CEO J. Christopher Donahue is scheduled to present the company's strategy for growth at the Citi 2012 Financial Services Conference at 10:25 a.m. Eastern on Thursday, March 8, 2012. Investors and other interested parties can listen to a live webcast of the presentation via FederatedInvestors.com. To listen to the live presentation, go to the About Us section of FederatedInvestors.com at least 15 minutes prior to register, download and install any necessary audio software. A replay will be available on this site for seven days."
