Alight Solutions 401(k) Index statistics for March 2020:
Index statistics |
March |
2020 YTD |
Total transfers as percentage of starting balance |
0.96% |
1.59% |
# Fixed days |
15 (68%) |
43 (69%) |
# Equity days |
7 (32%) |
19 (31%) |
# Above-normal days |
18 |
29 |
Inflows and outflows during March:
- Trading inflows overwhelmingly went to stable value, money market and bond funds
- Outflows were primarily from target date2, large U.S. equity and international equity funds
Asset classes with most trading outflows in March
|
Percentage of outflows |
Index dollar value ($ mil) |
Target date funds |
48% |
$974 |
Large U.S. equity funds |
29% |
$591 |
International equity funds |
6% |
$122 |
March investment portfolios:
- After reflecting market movements and trading activity, average asset allocation in equities decreased from 66.0% in February to 63.1% in March
- New contributions to equities decreased from 68.2% in February to 67.3% in March
Asset classes with most contributions in March
|
Percentage of contributions |
Index dollar value ($ mil) |
Target date funds |
44% |
$830 |
Large U.S. equity funds |
21% |
$407 |
International equity funds |
8% |
$144 |
March market observations:
All benchmark indices fell in March as equity markets experienced elevated levels of volatility. Large U.S. equities (represented by the S&P 500 Index) lost -12.4%, international equities (represented by the MSCI All Country World ex-U.S. Index) dropped -14.5% and small U.S. equities (represented by the Russell 2000 Index) sank -21.7%. Even U.S. bonds (represented by the Bloomberg Barclays U.S. Aggregate Index) dipped slightly -0.6% for the month.