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Trading activity among 401(k) investors was noticeably quieter in the second quarter of 2018 than it was in the first quarter, according to the Alight Solutions 401(k) IndexTM. The second quarter had six days of above-normal1 trading activity —down from 23 days in the first quarter.
Second quarter observations:
Alight Solutions 401(k) Index™ statistics for Q2 2018 and year-to-date:
After a volatile first quarter, the domestic equity markets experienced a rebound with large U.S. equities (represented by the S&P 500 Index) up over 3%, and small U.S. equities (represented by the Russell 2000 Index) up just under 8%. Despite the positive performance in the domestic equities, international equities (represented by the MSCI All Country World ex-U.S. Index) continued to fall, losing nearly 3% in the second quarter, and U.S. bonds (represented by the Bloomberg Barclays U.S. Aggregate Index) fell -0.2%.
Members of the media: please contact MacKenzie Lucas 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.