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A declining month on Wall Street saw increased trading activity among 401(k) investors, according to the Alight Solutions 401(k) Index™. Net trades in May amounted to 0.21% of balances—the highest for a month this year. Additionally, there were 3 days of above-normal1 activity.
The Alight Solutions 401(k) Index™ statistics for the month of May 2019:
Inflows and outflows during the month:
March investment portfolios:
May market observations:
Although U.S. bonds (represented by the Bloomberg Barclays U.S. Aggregate Index) gained 1.8% during May, equity markets fell. Small U.S. equities (represented by the Russell 2000 Index) declined -7.8%, large U.S. equities (represented by S&P 500 Index) dropped -6.4%, and international equities (represented by the MSCI ACWI ex-US Index) were down -5.4%.
Members of the media: please contact Dominic Belmonte for questions about the Alight Solutions 401(k) Index™.
Learn more about the Alight Solutions 401(k) Index™ here.
A “normal” level of relative transfer activity is when the net daily movement of participants’ balances as a percent of total 401(k) balances within the Alight Solutions 401(k) Index™ equals between 0.3 times and 1.5 times the average daily net activity of the preceding 12 months. A “high” relative transfer activity day is when the net daily movement exceeds two times the average daily net activity. A “moderate” relative transfer activity day is when the net daily movement is between 1.5 and two times the average daily net activity of the preceding 12 months.
Target date funds also include the amounts in target risk funds. The amount in the target risk funds is less than 10% of the total.