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But the MMF report is unique in that it surveys leadership and staff to see how these institutions are collectively approaching their missions.

MMF assets surged to $5.2 trillion in March from $2.5 trillion in 2014 .

And he said eliminating certain types of funds could limit the potential growth of the MMF market.

The MMF sector, with over half in the United States, is critical for short-term financing of the economy and companies, investing in government debt and short-term paper, allowing investors to cash in their shares on a daily basis.

But this glosses over the vast potential for complexity, beyond FFM or MMF gender composition.