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Search resuls for: "Crane Data"


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☆ Some Investors Are Missing Out on Higher Yields—and Don’t Know It
  + stars: | 2023-02-05 | by ( Randall Smith | ) www.wsj.com   time to read: 1 min
As money-market rates have risen, investors would do well to check what they are getting in sweep accounts, say advisers. Stocks and bonds both fell sharply last year. But one bright spot in financial markets was the rising interest rates on money-market funds, which in December topped 4% on average for the first time in 15 years. Money-fund rates have stayed high so far this year, now averaging 4.18%, according to Crane Data LLC. That’s a big increase from just a few months ago, and investors who aren’t aware of the climb in rates—or who don’t act on it—could be missing out on an opportunity for much higher returns than they’re getting now on the cash in their brokerage accounts.
☆ Investors have tough choices now with yields for money market funds on the rise
  + stars: | 2023-02-05 | by ( Anna Gleason | ) www.cnbc.com   time to read: +1 min
The " Fast Money " traders are looking to capitalize on the rising yields in money market funds and dividend-paying stocks. The largest taxable money market funds, as ranked on Crane Data's 100 list, are yielding an average 4.18% as of Feb. 2 — returns not seen since the financial crisis. Money market funds jumped to an all-time record $4.82 trillion in total assets the week ended Feb. 1, according to the Investment Company Institute. Higher-return dividend payers, which carry more risk, may be an option for investors looking for safety right now, too. "I won't hold it against them, however, if they do have a great dividend," Finerman added.
☆ High yields have investors piling into money market funds. Here's what you need to know
  + stars: | 2023-01-25 | by ( Michelle Fox | ) www.cnbc.com   time to read: +7 min
High yields and a volatile stock market have investors piling into money market mutual funds. Yet for retail funds, inflows are still climbing — the week ended Jan. 18 saw a $4.97 billion increase into retail money market funds, to bring net assets to a total of $1.74 trillion. One thing to keep in mind is that a money market fund is not FDIC-insured, while a money market account at a bank is insured. "If your money market fund yield is lagging, you probably have a high expense money fund." The net asset value of money market funds is normally maintained at $1 share.
☆ Interest rates are high. Here’s a relatively safe way to squeeze more from your cash
  + stars: | 2023-01-25 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +5 min
Be aware that money market accounts offered by a bank are subject to protection from the Federal Deposit Insurance Corp. This isn't the case with money market funds, which can't guarantee that you won't lose money. When shopping for a money market fund, look for offerings that hold high quality underlying investments, and be sure to keep an eye out for fees. Money market funds that Lawrence likes include the Federated Hermes Prime Cash Obligations Fund (PCOXX) and the Fidelity Tax-Exempt Money Market Fund Premium Class (FZEXX). Unless they're tax exempt, money market fund income is subject to federal, state and local taxes.
☆ Retail money market funds inflows are the highest in 30 years as investors seek safety. Best funds to buy
  + stars: | 2022-10-26 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +5 min
One fixture of overall money market funds is seeing the highest growth in decades this year – retail money market fund inflows hit $122.1 billion in the week ending Oct. 19, the most since 1992, according to data from Refinitiv Lipper. Overall, the market is seeing outflows driven by institutional investors, with $189.5 billion being withdrawn from U.S. money market funds through Oct. 19. Money market mutual funds offer investors safety, making them a solid place to park cash. He added that investors should also note that not all money market mutual funds are insured by the FDIC, unlike checking and savings accounts or money market deposit accounts. In the quarter ending Sept. 30, Charles Schwab reported $132 million in revenue from money market funds.
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