Equities Lose 401(k) Participant Assets in June
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 fixed-income investments.
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.
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