Alight Solutions 401(k) Index statistics for September 2020:
Index statistics |
September |
2020 YTD |
Total transfers as percentage of starting balance |
0.27% |
2.85% |
# Fixed days |
19 (90%) |
140 (74%) |
# Equity days |
2 (10%) |
49 (26%) |
# Above-normal days |
0 |
37 |
Inflows and outflows during September:
- Trading inflows mainly went to bond, stable value and money market funds
- Outflows were primarily from large U.S. equity, mid U.S. equity and target date2 funds
Asset classes with most trading outflows in September
|
Percentage of outflows |
Index dollar value ($ mil) |
Large U.S. equity funds |
41% |
$258 |
Mid U.S. equity funds |
15% |
$93 |
Target date funds |
14% |
$86 |
September investment portfolios:
- After reflecting market movements and trading activity, average asset allocation in equities decreased from 66.6% in August to 66.1% in September
- New contributions to equities remained at 67.2% from August through September
Asset classes with most contributions in September
|
Percentage of contributions |
Index dollar value ($ mil) |
Target date funds |
47% |
$514 |
Large U.S. equity funds |
20% |
$219 |
International equity funds |
7% |
$77 |
September market observations:
Markets were down in September with large U.S. equities (represented by the S&P 500 Index) falling -3.8%, small U.S. equities (represented by the Russell 2000 Index) sliding -3.3%, international equities (represented by the MSCI All Country World ex-U.S. Index) losing -2.5% and U.S. bonds (represented by the Bloomberg Barclays U.S. Aggregate Index) falling -0.1%.