The Alight Solutions 401(k) Index™ statistics for the month of April 2019:
Index statistics |
April |
2019 YTD |
Total transfers as percentage of starting balance |
0.18% |
0.64% |
# Fixed days |
19 (90%) |
73 (89%) |
# Equity days |
2 (10%) |
9 (11%) |
# Above-normal days |
2 |
11 |
Inflows and outflows during the month:
- Trading inflows mainly went to bond, international, and target date funds2
- Outflows were primarily from large U.S. equity funds, company stock, and small U.S. equity funds
Asset classes with most trading outflows in April
|
Percentage of outflows |
Index dollar value ($ mil) |
Large U.S. equity funds |
47% |
$170 |
Company stock |
35% |
$127 |
Small U.S. equity funds |
13% |
$46 |
April investment portfolios:
- After reflecting market movements and trading activity, average asset allocation in equities increased from 67.9% in March to 68.2% in April
- New contributions in equities decreased to 67.9% at the end of April from 68.3% at the end of March
Asset classes with most contributions in April
|
Percentage of contribution |
Index dollar value ($ mil) |
Target date funds |
47% |
$549 |
Large U.S. equity funds |
20% |
$240 |
International funds |
7% |
$82 |
April market observations:
April saw positive performance for all the common indices. The U.S. bond market (represented by the Bloomberg Barclays U.S. Aggregate Index) ticked just above 0.0%. Large U.S. equities (represented by S&P 500 Index) rose 4.1%, small U.S. equities (represented by the Russell 2000 Index) rose 3.4%, and international equities (represented by the MSCI ACWI ex-U.S. Index) gained 2.6%.