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Marking the second consecutive month, August had no days of above-normal1 trading activity, according to the Alight Solutions 401(k) IndexTM. July and August are the first back-to-back months with no above-normal days since May and June 2017.
The Alight Solutions 401(k) Index™ statistics for the month of August 2018:
Inflows and outflows during the month:
August investment portfolios:
August market observations
Domestic equities delivered positive returns for the month, with large U.S. equities (represented by the S&P 500 Index) up 3.3% and small U.S. equities (represented by the Russell 2000 Index) up 4.3%. U.S. bonds (represented by the Bloomberg Barclays U.S. Aggregate Index) gained 0.6%. International equities (represented by the MSCI All Country World ex-U.S. Index) lost -2.1% during the month.
Members of the media: please contact MacKenzie Lucas for questions about the Alight Solutions 401(k) Index™.
Learn more about the Alight Solutions 401(k) Index™ here.
A “normal” level of relative transfer activity is when the net daily movement of participants’ balances as a percent of total 401(k) balances within the Alight Solutions 401(k) Index™ equals between 0.3 times and 1.5 times the average daily net activity of the preceding 12 months. A “high” relative transfer activity day is when the net daily movement exceeds two times the average daily net activity. A “moderate” relative transfer activity day is when the net daily movement is between 1.5 and two times the average daily net activity of the preceding 12 months.
Target date funds also include the amounts in target risk funds. The amount in the target risk funds is less than 10% of the total.