Index statistics
|
June |
2019 YTD |
Total transfers as percentage of starting balance |
0.23% |
1.10% |
# Fixed days |
17 (85%) |
107 (86%) |
# Equity days |
3 (15%) |
17 (14%) |
# Above normal days |
2 |
16 |
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, company stock, and small U.S. equity funds
Asset classes with most trading outflows in June
|
Percentage of outflows |
Index dollar value ($ mil) |
Large U.S. equity funds |
48% |
$217 |
Company stock |
31% |
$142 |
Small U.S. equity funds |
15% |
$67 |
June investment portfolios:
- After reflecting market movements and trading activity, average asset allocation in equities increased from 67.0% in May to 67.7 % in June
- New contributions in equities decreased from 67.9% in May to 67.7% in June
Asset classes with most contributions in June
|
Percentage of contribution |
Index dollar value ($ mil) |
Target date funds |
48% |
$542 |
Large U.S. equity funds |
20% |
$223 |
International funds |
7% |
$80 |
June market observations:
The capital markets were strong in June. Large and small U.S. equities (represented by the S&P 500 Index and Russell 2000 Index, respectively) were up 7.1%, while international equities (represented by the MSCI All Country World ex-U.S. Index) increased 6.0%. U.S. bonds (represented by Bloomberg Barclays U.S. Aggregate Index) gained 1.3%.