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November was the lightest month of the year for trading among 401(k) investors, according to the Alight Solutions 401(k) Index™. Average net daily trading activity was 0.013% of balances and there were zero days of above-normal1 activity.
The Alight Solutions 401(k) Index™ statistics for the month of November 2019:
Inflows and outflows during November:
November investment portfolios:
November market observations:
U.S. equity returns were strong in November with small U.S. equities (represented by the Russell 2000 Index) rising 4.1% and large U.S. equities (represented by the S&P 500 Index) gaining 3.6%. International equites (represented by the MSCI All Country World ex-U.S. Index) increased close to 1%. U.S. bonds (represented by the Bloomberg Barclays U.S. Aggregate Index) fell slightly by 0.1%.
Members of the media: please contact Landis Cullen 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 is when the net daily movement exceeds two times the average daily net activity. A “moderate” relative transfer activity 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.