Crane Data Subscribers
Crane Money Fund Indexes in July Show Higher Yields and Returns. Our August Money Fund Intelligence and Crane Index showed money market mutual fund and cash averages inching higher in the month ended July 31, 2007. While 1-year returns remain flat, longer-term returns continue to climb. The Crane Money Fund Average, our broadest measure of money fund performance (760 taxable funds) yielded 4.84% and 4.82% (7-day and 30-day current yields, respectively, as of July 31, 2007). For 1-month, the Crane Average returned 0.41%, for 3-mos., 1.21%, year-to-date 2.83%, 1-year 4.94%, 3-yr 3.58%, 5-yr 2.46%, and, 10-yr 3.49%. The Crane 100 Money Fund Index, an average of the 100 largest funds, returned: 0.42% (1-mo), 1.26% (3-mo), 2.92% (YTD), 5.09% (1-yr), 3.76% (3-yr), 2.61% (5-yr), and 3.66% (10-yr). The Crane Brokerage Sweep Index, which tracks the largest "bankerage" programs, returned 2.65% in July (annualized).
