The Alight Solutions 401(k) Index™ statistics for the month of October 2019:
Index statistics |
October |
2019 YTD |
Total transfers as percentage of starting balance |
0.20% |
1.98% |
# Fixed days |
21 (91%) |
182 (86%) |
# Equity days |
2 (9%) |
29 (14%) |
# Above-normal days |
1 |
25 |
Inflows and outflows during October:
- Trading inflows mainly went to stable value, bond and money market funds
- Outflows were primarily from company stock, large U.S. equity and small U.S. equity funds
Asset classes with most trading outflows in October
|
Percentage of outflows |
Index dollar value ($ mil) |
Company stock |
52% |
$222 |
Large U.S. equity funds |
32% |
$135 |
Small U.S. equity funds |
8% |
$33 |
October investment portfolios:
- After reflecting market movements and trading activity, average asset allocation in equities increased from 67.1% in September to 67.3% in October
- New contributions to equities decreased from 67.5% in September to 67.4% in October
Asset classes with most contributions in October
|
Percentage of contribution |
Index dollar value ($ mil) |
Target date funds |
48% |
$530 |
Large U.S. equity funds |
20% |
$216 |
International equity funds |
7% |
$78 |
October market observations:
October saw gains broadly for capital market indices with international equities (represented by the MSCI All Country World ex-U.S. Index) rising 3.5%, small U.S. equities (represented by the Russell 2000 Index) gaining 2.6%, large U.S. equities (represented by the S&P 500 Index) advancing 2.2% and U.S. bonds (represented by the Bloomberg Barclays U.S. Aggregate Index) earning 0.3%.