Funds Investing in Ginnies Do Slightly Better than Agency Funds

Ginnie Mae funds on average during the third quarter of this year generated a 0.69% cumulative total return, while U.S. Mortgage funds that invest primarily in agency mortgage-backed securities generated a slightly lower 0.62% return, according to Lipper/Reuters.

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The Putnam US Govt Inc;Y fund topped the list of Ginnie Mae funds with a 1.5% cumulative total return for the quarter, while the AMF:Intmdt Mortgage fund ranked No. 1 among U.S. Mortgage funds with a 1.67% cumulative total return.

The average cumulative total return during the third quarter for Ginnie funds overall is better than it was in the second quarter when it was -2.93%, while the average cumulative total return for U.S. Mortgage funds during the third quarter was down from 1.95% in the second quarter.

Bonnie Sinnock

Capital Markets Editor

Bonnie Sinnock is National Mortgage News' Capital Markets Editor at Arizent and has worked for NMN and affiliated publications since 1995. Her... Read full bio

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