July 27, 2012
contribution (DC) plan participants transferred monies from equities into
fixed-income investments in June despite the market rally, according to 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
Large U.S. 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.
On 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.
More information is available here.