The committee also set up a mortgage fund, which was unknown in Israel in those days.

As expected, adjustable-rate mortgage funds have been the most conservative of the group.

True to their charter, adjustable-rate mortgage funds were the group's best performers, down slightly more than 2 percent.

The latter created losses for adjustable-rate mortgage funds during recent years.

So this deal is the best the mortgage fund could do, and it will at least save the company, right?

But investors even in mortgage funds with seemingly steady returns should consider whether they understand and accept the risks.

This may have been done to make it easier to obtain the mortgage funds necessary to build the houses.

All eight children consented to money being invested in a mortgage fund.

As interest rates rose and losses mounted, the withdrawals from mortgage funds came to 28 percent of average assets.

Although the traditional fractional investment model will continue, the trend to mortgage funds is accelerating.