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Mortgage backed securities.
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PeterL
Jan 7, 2010, 3:40:33 PM1/7/10
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I am interested in investing in mortgage backed securities. But I am
a small fish and don't want to buy individual ones. Are there mutual
funds or ETF's invested in these? TIA.
a small fish and don't want to buy individual ones. Are there mutual
funds or ETF's invested in these? TIA.
Beliavsky
Jan 8, 2010, 8:39:36 AM1/8/10
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There is the Vanguard GNMA Fund Investor Shares (mutual fund), symbol
VFIIX and the Vanguard Mortgage-Backed Securities ETF, symbol VMBS .
You could also buy a mortgage REIT.
Bill
Jan 8, 2010, 10:10:40 AM1/8/10
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If you consider a mutual fund remember that unlike the actual MBO a
mutual fund has no maturity date so there is no point in time at which
you will recover your original investment. The value of the fund shares
will go down as interest rates go up. Considering how low interest
rates are today there is a very high probability that rates will go up
over the next few years causing a capital loss for fund investors.
mutual fund has no maturity date so there is no point in time at which
you will recover your original investment. The value of the fund shares
will go down as interest rates go up. Considering how low interest
rates are today there is a very high probability that rates will go up
over the next few years causing a capital loss for fund investors.
--
.Bill.
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