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After a turbulent first quarter, 401(k) investors had a slower trading month in April, according to the Alight Solutions 401(k) Index™. There were three days of above-normal1 trading activity, all within the first week of the month.
Inflows and outflows during April:
April investment portfolios:
April market observations:
All indices delivered positive returns, following the first quarter’s decline. Small U.S. equities (represented by the Russell 2000 Index) rose 13.7%, large U.S. equities (represented by the S&P 500 Index) were up 12.8% and international equities (represented by the MSCI All Country World ex-U.S. Index) gained 7.6%. U.S. bonds (represented by the Bloomberg Barclays U.S. Aggregate Index) were also up by 1.8%.
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 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.