The Alight Solutions 401(k) Index™ statistics for the month of August 2019:
Index statistics |
August |
2019 YTD |
Total transfers as percentage of starting balance |
0.24% |
1.54% |
# Fixed days |
16 (73%) |
142 (85%) |
# Equity days |
6 (27%) |
26 (15%) |
# Above-normal days |
6 |
23 |
Inflows and outflows during the month:
- Trading inflows mainly went to bond, stable value and money market funds
- Outflows were primarily from large U.S. equity, target date2 and mid U.S. equity funds
Asset classes with most trading outflows in August
|
Percentage of outflows |
Index dollar value ($ mil) |
Large U.S. equity funds |
55% |
$291 |
Target date funds |
17% |
$92 |
Mid U.S. equity funds |
10% |
$55 |
August investment portfolios:
- After reflecting market movements and trading activity, average asset allocation in equities decreased from 67.7% in July to 67.5% in August
- New contributions to equities decreased from 67.7% in July to 67.6% in August
Asset classes with most contributions in August
|
Percentage of contribution |
Index dollar value ($ mil) |
Target date funds |
48% |
$559 |
Large U.S. equity funds |
20% |
$230 |
International funds |
7% |
$84 |
August market observations:
Equities fell during the month of August with small U.S. equities (represented by the Russell 2000 Index) losing 4.9%, large U.S. equities (represented by the S&P 500 Index) falling 1.6% and international equities (represented by the MSCI All Country World ex-U.S. Index) dropping 3.1%. Fixed income investors fared better with U.S. bonds (represented by the Bloomberg Barclays U.S. Aggregate Index) gaining 2.6%.
Returns for common indices
|
August |
2019 YTD |
Bloomberg Barclays U.S. Aggregate Index |
2.6% |
9.1% |
S&P 500 Index |
-1.6% |
18.3% |
Russell 2000 Index |
-4.9% |
11.9% |
MSCI All Country World ex-U.S. Index (net) |
-3.1% |
8.8% |
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.