401(k) plan participants moved $148 million to fixed income from equities in June, a Hewitt Associates monthly survey shows.
In May, by contrast, $635 million moved to fixed income from equities, according to a news release on Hewitt's 401(k) Index covering the firm's record-keeping clients, which have $90 billion in assets.
The biggest outflows in June came from international equity ($54 million), U.S. small-cap equity ($29 million) and U.S. large-cap equity ($29 million).
International equity funds suffered the greatest outflows in the second quarter, at $388 million, and in the first half of 2010, $548 million, the news release said. Bond funds received the most inflows in the second quarter, at $407 million, and for the first six months of the year, $626 million.