MBS issued by Ginnie Mae turn into a top-performing investment

09/7/2010 | USA Today

Mortgage-backed securities issued by Ginnie Mae of the U.S. are once again becoming a top-performing investment. Mutual funds that invest in Ginnie Mae-issued MBS have gained 24.8% on average during the past three years, according to Lipper. Meanwhile, the Standard & Poor's 500 stock index has plunged more than 20%.

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