Asset classes with most contributions in August
|
Percentage of contributions |
Index dollar value ($ mil) |
Target date funds |
47% |
$492 |
Large U.S. equity funds |
20% |
$213 |
International equity funds |
7% |
$73 |
August market observations:
Equity indices finished August with positive returns, while fixed income lost value for the first time this year. Large U.S. equities (represented by the S&P 500 Index) led, up +7.2%, followed by small U.S. equities (represented by the Russell 200 Index) and international equities (represented by the MSCI All Country World ex-U.S. Index), up +5.6% and +4.3%, respectively. U.S. bonds (represented by the Bloomberg Barclays U.S. Aggregate Index) fell -0.8%.