Morgan Stanley Inst Liq Prime Inst (MPFXX) | 4.32 |
Federated Hermes Inst Prime Obligs IS (POIXX) | 4.32 |
JPMorgan Prime MM Capital (CJPXX) | 4.30 |
Western Asset Prem Inst Liq Res Capital (WAAXX) | 4.30 |
BlackRock Lq TempCash Inst (TMCXX) | 4.30 |
Invesco Premier Institutional (IPPXX) | 4.38 |
UBS Prime Preferred Fund (UPPXX) | 4.34 |
Allspring MMF Prm (WMPXX) | 4.34 |
Morgan Stanley IL Liq MMP Wealth (MWMXX) | 4.34 |
First American Ret Prime Obligs X (FXRXX) | 4.33 |
Federated Hermes Muni Oblig WS (MOFXX) | 2.74 |
Goldman Sachs Inv Tax-Ex MMF In (FTXXX) | 2.65 |
JPMorgan Municipal MM Instit (IJMXX) | 2.62 |
Vanguard Municipal MMF (VMSXX) | 2.60 |
Allspring Nat T-F Prem (WFNXX) | 2.57 |
Crane Data's latest Money Fund Intelligence International shows that assets in European or "offshore" money market mutual funds increased over the past 30 days to a new record high $1.543 trillion, rising from $1.519 trillion the month prior. Yields inched lower, while assets for USD, EUR and GBP MMFs all rose over the past month. Like U.S. money fund assets, European MMFs repeatedly hit record highs in 2023, 2024 and 2025 (after a pause in Q2). These U.S.-style money funds, domiciled in Ireland or Luxembourg and denominated in US Dollars, Pound Sterling and Euros, increased by $23.8 billion over the 30 days through 9/12. The totals are up $110.2 billion (7.7%) year-to-date for 2025, they were up $235.3 billion (19.7%) for 2024 and up $166.9 billion (16.2%) for the year 2023. (Note that currency moves in the U.S. Dollar cause Euro and Sterling totals to shift when they're translated back into totals in USD. See our latest MFI International for more on the "offshore" money fund marketplace. These funds are only available to qualified, non-U.S. investors and are almost entirely institutional.) (Note too: Register ASAP for our European Money Fund Symposium, which is next week, Sept. 22-23, 2025 in Dublin!)
MFI PDF September 2025 Issue |
Largest Money Fund Managers |
|
![]() The September 2025 issue of Money Fund Intelligence features: "Money Fund Assets Blow Past $7.5 Trillion; Headed for $8.0T," which reviews the latest surge in MMF assets; "BNY Dreyfus, Goldman Both Launch Stablecoin Reserves," which quotes from new filings for Stablecoin Reserves money funds; and, “JPM on Offshore MMFs; European MFs Record $1.5T," which covers a recent update on money funds in Ireland. 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 Aug. 31, 2025. (MFI XLS contains percentile rankings, fund family rankings, MNAVs, WLA, portfolio composition, and more). ![]() |
|
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.
Crane Data published its latest Weekly Money Fund Portfolio Holdings statistics Tuesday, which track a shifting subset of our monthly Portfolio Holdings collection. The most recent cut (with data as of September 12) includes Holdings information from 62 money funds (up 8 from two weeks ago), or $3.847 trillion ...
Tom Knight recently retired from online money market trading portal ICD. (See his LinkedIn post here.) We wish Tom all the best!
Joseph Abate is the new Head of Rates Strategy at SMBC Nikko Securities. He was previously with Barclays.
A press release says, "Kim Lupica Joins Academy Securities as Managing Director, Commercial Paper Trading & Origination." She was previously at Bank of America.
Thank you to those who attended and supported our recent Money Fund Symposium in Boston! Mark your calendars for next year’s show, which will be in Jersey City, June 24-26, 2026. We’re now gearing up for our European Money Fund Symposium, which is scheduled for Sept. 22-23 in Dublin, and for our next Money Fund University, which is scheduled for Dec. 18-19 in Pittsburgh. Finally, mark your calendars for next year’s Bond Fund Symposium, which is scheduled for March 19-20, 2026, in Boston. Subscribers and attendees may access the recordings and conference materials (except for European MFS) via our "Content” page. Contact us and let us know if you'd like more information on any future (or past) shows. We hope to see you in Dublin in September, in Pittsburgh in December or in Boston or Jersey City in 2026!