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401(k) investors who made trades in April generally traded from equity funds into fixed income funds, according to the Alight Solutions 401(k) Index™. Bond funds, stable value funds, and money market funds accounted for nearly all the net trading inflows for the month.
April had four days of above-normal1 trading activity—up slightly from March’s value (2), but lower than the values for January (12) and February (9).
The Alight Solutions 401(k) Index™ statistics for the month of April 2018:
Inflows and outflows during the month:
April investment portfolios:
April market observations
Capital market returns were mostly positive last month, with international equities (represented by the MSCI All Country World ex-U.S. Index) up over 1.5%, and small U.S. equities (represented by the Russell 2000 Index) and large U.S. equities (represented by the S&P 500 Index) up under 1%. U.S. bonds (represented by the Bloomberg Barclays U.S. Aggregate Index) fell once again after seeing the slight increase last 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.