Alight Solutions 401(k) Index™ statistics for Q3 2020 and year-to-date:
Index Statistics |
Q3 2020 |
2020 YTD |
Net transfers as percentage of starting balance |
0.92% |
2.85% |
# Fixed days |
58 (91%) |
140 (74%) |
# Equity days |
6 (9%) |
49 (26%) |
# Above-normal days |
2 |
37 |
Asset classes with most trading outflows in Q3 2020
|
Percentage of outflows |
Index dollar value ($ mil) |
Large U.S. equity funds |
37% |
$738 |
Target date2 funds |
16% |
$316 |
Mid U.S. equity funds |
15% |
$305 |
Third quarter market observations:
Markets saw improvements in Q3. Large U.S. equities (represented by the S&P 500 Index) rose 8.9%, international equities (represented by the MSCI All Country World ex-U.S. Index) were up 6.3% and small U.S. equities (represented by the Russell 2000 Index) gained 4.9%. U.S. bonds (represented by Bloomberg Barclays U.S. Aggregate Index) were also in the black for the quarter.