Products June 26, 2012

T. Rowe Price Rolls Out Mobile App

June 26, 2012 (PLANSPONSOR.com) - T. Rowe Price released a mobile application to allow investors to manage their accounts and view fund information.
Reported by

Using the T. Rowe Price Personal App, individual investors and participants in employer-sponsored retirement plans can check account balances, including those associated with T. Rowe Price Brokerage and small business accounts; view asset allocation charts; track fund performance; check the status of pending transactions; access T. Rowe Price investment insights and market news; and conduct fund research.

Individual investors outside of an employer-sponsored retirement plan can conduct mutual fund transactions.

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Security features include 128-bit encryption, which is similar to that available on troweprice.com. 

The free app, which is for iPhone and iPod Touch, is available for download here.  

Investing June 26, 2012

Equities Lose 401(k) Participant Assets in May

June 26, 2012 (PLANSPONSOR.com) - Defined contribution (DC) plan participants transferred monies from equities into fixed-income investments as the stock markets dropped substantially during May, according to the results of the Aon Hewitt 401(k) Index.
Reported by

Overall, 64% of the days had transfer activities that favored fixed income funds during the month. In sum, nearly $140 million moved from diversified equities (equity excluding company stock) into fixed-income investments.  

International equity funds lost $44 million (24%) in net transfers, followed by pre-mixed funds ($34 million, 19%) and small U.S. equity funds ($29 million, 16%). Seventy percent of the transferred assets went into bond funds, netting an additional $126 million. Although major equity indices were down markedly, company stock funds experienced positive flows for the first month since September 2011, totaling $47 million.  

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The overall equity allocation in the Index was down 1.5 percentage points to 58.9% at the end of May, from 60.4% at the end of April, due to both market weakness and changes in participant behavior. Another measure of participant sentiment is discretionary contributions (employee only contributions). In total, 61.3% of employee discretionary contributions were directed to equities by the end of May, down from 62.2% in April.  

More information is here.

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