27, 2012 (PLANSPONSOR.com) - Defined contribution (DC) plan participants
transferred monies from equities into fixed-income investments in June despite
the market rally, according to the results of the Aon Hewitt 401(k) Index.
Overall, 67% of the month's days had transfer activities that
favored fixed-income funds during the month. In sum, $253 million transferred
out of diversified equities (excluding company stock) into fixed-income investments.
funds lost the largest amount—$84 million (30% of transfers)—followed by
small U.S. funds ($60 million, 21%) and premixed funds ($42 million, 15%).
International funds and balanced funds also had net outflows of $41 million and
$22 million, respectively.
average, equity exposure was up 0.3% to 59.3% at the end of June. This is down
slightly from 60.6% at the beginning of the quarter.
information is available here.