Alight Solutions 401(k) Index statistics for August 2020:
Index statistics |
August |
2020 YTD |
Total transfers as percentage of starting balance |
0.26% |
2.57% |
# Fixed days |
19 (90%) |
121 (72%) |
# Equity days |
2 (10%) |
47 (28%) |
# Above-normal days |
1 |
37 |
Inflows and outflows during August:
- Trading inflows mainly went to bond funds, stable value funds and self-directed brokerage windows
- Outflows were primarily from large U.S. equity, mid U.S. equity and company stock funds
Asset classes with most trading outflows in August
|
Percentage of outflows |
Index dollar value ($ mil) |
Large U.S. equity funds |
25% |
$143 |
Mid U.S. equity funds |
21% |
$121 |
Company stock |
21% |
$120 |
August investment portfolios:
- After reflecting market movements and trading activity, average asset allocation in equities increased from 65.9% in July to 66.6% in August
- New contributions to equities decreased from 67.5% in July to 67.2% in August
Asset classes with most contributions in August
|
Percentage of contributions |
Index dollar value ($ mil) |
Target date funds |
47% |
$492 |
Large U.S. equity funds |
20% |
$213 |
International equity funds |
7% |
$73 |
August market observations:
Equity indices finished August with positive returns, while fixed income lost value for the first time this year. Large U.S. equities (represented by the S&P 500 Index) led, up +7.2%, followed by small U.S. equities (represented by the Russell 200 Index) and international equities (represented by the MSCI All Country World ex-U.S. Index), up +5.6% and +4.3%, respectively. U.S. bonds (represented by the Bloomberg Barclays U.S. Aggregate Index) fell -0.8%.