The Alight Solutions 401(k) Index™ statistics for the month of February 2018:
Index statistics |
February |
2018 YTD |
Total transfers as percentage of starting balance |
0.29% |
0.29% |
# Fixed days |
9 (47%) |
13 (33%) |
# Equity days |
10 (53%) |
27 (67%) |
# Above-normal days |
9 |
21 |
Inflows and outflows during the month:
- Trading inflows mainly went to stable value, money market, and bonds
- Outflows were primarily from large U.S. equity, target date2, and mid U.S. equity funds
Asset classes with most trading inflows in February
|
Percentage of inflows |
Index dollar value ($ mil) |
Stable value funds |
58% |
$354 |
Money market funds |
17% |
$105 |
Bond funds |
11% |
$70 |
Asset classes with most trading outflows in February
|
Percentage of outflows |
Index dollar value ($ mil) |
Large U.S. equity funds |
36% |
$220 |
Target date funds |
29% |
$117 |
Mid U.S. equity funds |
11% |
$66 |
February investment portfolios:
- At the end of February, 68.9% of balances were invested in equities, down from 69.5% at the end of January
- 68.1% of new contributions were invested in equities at the end of February, the same as January
Asset classes with most contributions in February
|
Percentage of contributions |
Index dollar value ($ mil) |
Target date funds |
43% |
$667 |
Large U.S. equity funds |
19% |
$291 |
International funds |
8% |
$122 |
February market observations
After a strong January, all of the equity indices tracked by the Alight 401(k) Index™ experienced corrections during February. The month’s losses were enough to send small U.S. equities (represented by the Russell 2000 Index) into the red for the year. Losses in U.S. bonds (represented by the Bloomberg Barclays U.S. Aggregate Index) extended into February, resulting in a year-to-date loss of over 2 percent.