Trading among defined contribution (DC) plan investors was light in November, according to the Alight Solutions 401(k) Index, with only one day of above normal trading activity.
On average, 0.014% of balances were traded each day, and 12 out of 21 trading days favored fixed income.
Asset classes with the most trading inflows in November were international funds ($190 million), bond funds ($49 million) and mid U.S. equity funds ($20 million). Asset classes with the most trading outflows were company stock funds ($146 million), stable value funds ($70 million) and small U.S. equity funds ($41 billion).
At the end of November, 68.3% of balances were invested in equities, up from 67.9% at the end of October. The index shows 67.2% of new contributions were invested in equities, unchanged from October.
Target-date funds (TDFs), large U.S. equity funds and stable value funds held the largest percentages of DC plan balances as of the end of November.More information is here.
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