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Less volatility on Wall Street brought a slowdown to trading activity among 401(k) investors, according to the Alight Solutions 401(k) Index. With three trading days of above-normal1 trading activity and one day of low activity, January 2019 was the slowest start to the year in the more than 20-year history of the Index. The average daily activity for the month was 0.016%—lower than the 0.024% in January 2018 and the trailing 5-year average of 0.025%.
17 of 21 days favored fixed income funds
The Alight Solutions 401(k) Index™ statistics for the month of January 2019:
Inflows and outflows during the month:
January investment portfolios:
January market observations:
January provided relief for investors from the last year’s difficult fourth quarter. The U.S. bond market (represented by the Bloomberg Barclays U.S. Aggregate Index) gained 1.1%. Large U.S. equities (represented by S&P 500 Index) rose 8.0% and small U.S. equities (represented by the Russell 2000 Index) gained 11.3%. International equities (represented by the MSCI ACWI ex-US Index) were up 7.6%.
Members of the media: please contact Dominic Belmonte 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.