Participants in 401(k) plans moved a net $219 million into fixed income from equities last month, according to the Hewitt 401(k) Index. About 80% of the net transfers flowed into GIC/stable value funds. Large U.S. equity funds saw the largest outflow in February, with $80 million on a net basis, far less than the $521 million net outflow in January. International funds, which attracted nearly $1.2 billion in all of 2007, saw $74 million in outflows in February, following outflows of $489 million in January.
401(k) participants move more to bonds