Asset classes with most contributions in March
|
Percentage of contributions |
Index dollar value ($ mil) |
Target date funds |
44% |
$830 |
Large U.S. equity funds |
21% |
$407 |
International equity funds |
8% |
$144 |
March market observations:
All benchmark indices fell in March as equity markets experienced elevated levels of volatility. Large U.S. equities (represented by the S&P 500 Index) lost -12.4%, international equities (represented by the MSCI All Country World ex-U.S. Index) dropped -14.5% and small U.S. equities (represented by the Russell 2000 Index) sank -21.7%. Even U.S. bonds (represented by the Bloomberg Barclays U.S. Aggregate Index) dipped slightly -0.6% for the month.