The overall flow of cash into mutual funds largely made up of mortgage securities from the Government National Mortgage Association decreased slightly in November 2000, the latest month available.
According to the Investment Company Institute's official survey of the mutual fund industry, Ginnie Mae mortgage funds lost $190 million in new sales for November, compared to a loss of $69 million in sales for October and a loss of $292 million in November1999.
Total assets for November were $56.64 billion, up from $56.36 billion in October but down from $61.4 billion a year earlier.
Other Ginnie Mae mutual fund data released for November included the following:
Total sales, including reinvested dividends, were $834 million, up from $823 billion in October and $782 million in November 1999.
Total sales, less reinvested dividends, were $632 million, up from $613 million in October and $565 million in November 1999.
Redemptions were $1.02 billion, up from $8927 million in October and down from $1.07 billion a year earlier.
Exchanges into the funds were $740 million, up from $685 million in October and down from $820 million in November 1999.
Exchanges out of the funds were $601 million, down from $616.0 million in October and $827 million a year earlier.
Liquid assets were minus-$4.862 billion, up from minus-$4.967 billion in October and minus-$5.814 billion in November 1999.
Liquidity ratios were minus-8.6%, up from minus-8.8% in October and from minus-9.5% a year earlier.
