The overall flow of cash into mutual funds largely made up of mortgage securities from the Government National Mortgage Association decreased considerably in October 2000, the latest month available.
According to the Investment Company Institute, Ginnie Mae mortgage funds lost minus-$62.4 million in new sales for October, compared to a loss of minus-$207.3 million in sales for September and a loss of minus-$224 million in October 1999.
Total assets for October were $56.33 billion, up from $56.00 billion in September but down from $60.8 billion a year earlier.
Other Ginnie Mae mutual fund data released for October included the following:
Total sales, including reinvested dividends, were $835.5 million, up from $749.8 billion in September and $776.7 in October 1999.
Total sales, less reinvested dividends, were $626.2 million, up from $548.0 million in September and $578 million in October 1999.
Redemptions were $897.9 million, down from $957 million in September and $1.000 billion a year earlier.
Exchanges into the funds were $701.8 million, up from $529 million in September and up from $494 million in October 1999.
Exchanges out of the funds were $670.1 million, up from $576.0 million in September and $495 million a year earlier.
Liquid assets were minus-$5.039 billion, up from minus-$5.083 billion in September and minus-$5.082 billion in October 1999.
Liquidity ratios were minus-8.9%, up from minus-9.1% in October and down from minus-8.3% a year earlier.