Returns for every category of investment in defined contribution plans including mutual funds, separately managed accounts and individually directed brokerage accounts were up significantly in the fourth quarter of 2001, compared with the previous quarter, according to the Security Trusts Quarterly Defined Contribution Investment Returns index.
Core-option mutual funds in the STC index returned 11.16% in the fourth quarter, up from -11.93% in the previous quarter. Managed accounts returned 6.7% in the fourth quarter, compared with -6.6% in the third quarter. Similarly, individually directed accounts returned 11.95% in the fourth quarter, up from -9.71% in the third quarter.
The index is a quarterly analysis of investment returns on selected defined contribution plans for which STC provides trustee and custodial services.