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Investing September 26, 2001
Participants Shift Back Towards Bonds
September 26, 2001 (PLANSPONSOR.com) - Participant
transfer activity returned to normal on Tuesday, however,
401(k) funds were moved back towards fixed income after
yesterday's brief flirtation with equities, according to the
Hewitt 401(k) Index.
Reported by Camilla Klein
Despite a moderate up-tick in the stock market yesterday, participants still favored the fixed income market continuing to follow a trend which has seen assets flowing towards debt every day this month bar one.
Participant volume, though classified as “normal” yesterday, was a little more than half the usual level for the Hewitt Index, which tracks the investment activity of 1.5 million participants in 401(k) plans.
Transfer activity, as a percentage of the $71 billion tracked by the Hewitt Index, settled at 0.04%