Asset classes with most trading outflows in Q1 2020
||Percentage of inflows
||Index dollar value ($ mil)
|Target date2 funds
|Large U.S. equity funds
|Mid U.S. equity funds
First quarter market observations:
Equity markets entered into bear market territory during the first quarter of 2020. Small U.S. equities (represented by the Russell 2000 Index) fell -30.6%, international equities (represented by the MSCI All Country World ex-U.S. Index) dropped -19.6%, and large U.S. equities (represented by the S&P 500) lost -19.6%. U.S. bonds (represented by the Bloomberg Barclays Aggregate Index) gained 3.2% for the quarter.