The Alight Solutions 401(k) index had 39 fixed-income trading days in the third quarter vs. 24 equity trading days. Trading days measure which asset class had more fund flows (i.e., flows from equity to fixed income or from fixed income to equity funds). Quarterly fixed-income trading days have been greater than equity trading days since the second quarter of 2021.
Alight Solutions 401(k) index shows fixed-income leanings
The largest share of trading asset class inflows were money market funds and bond funds, at 33% and 31%, respectively. Both have been in the top three this year.
Company stock and stable value funds accounted for the largest portion of trading outflows in the third quarter. The former accounted for 37% of the outflows, and the latter was 31%.