Asset classes with most contributions in May
|
Percentage of contributions |
Index dollar value ($ mil) |
Target date funds |
46% |
$513 |
Large U.S. equity funds |
21% |
$230 |
International equity funds |
7% |
$76 |
May market observations:
Continuing the trend from April, all followed benchmarks had positive returns for May. Small U.S. equity (represented by the Russell 2000 Index) rose 6.5%, large U.S. equity (represented by the S&P 500 Index) gained 4.8%, international equity (represented by the MSCI All Country World ex-U.S. Index) was up 3.3%, and U.S. bonds (represented by the Bloomberg Barclays U.S. Aggregate Index) rising 0.5%.