All fixed-income asset classes recorded net inflows in
September. Similar to August, GIC/stable value funds received the most inflows
with $134 million (47%), while bond funds took in $63 million (22%) and money
market funds received $23 million (8%). The premixed asset class also had $25
million (9%) of inflows. In the third quarter, both GIC/stable value and bond
asset classes took in 36% of the inflows—about $305 million each. Together
money market and premixed assets classes accounted for the next 20%. Specialty
sector funds also received a noteworthy $46 million (5%) of inflows, which is
much higher than usual for this asset class.
In total, 62.1% of employee discretionary contributions were
directed to equities for September, which is unchanged from August. For the
quarter, an identical 62.1% of employee contributions into the plan were in
equities compared to 61.6% during the second quarter, on average.
Participants’ overall equity allocation ticked upward
hitting 60% by the end of September, compared to 59.5% at the end of August.
The third quarter began with 59.3% of participant investments allocated to
More information is here.