Asset classes with most trading outflows in Q2 2020
||Percentage of outflows
||Index dollar value ($ mil)
|Target date2 funds
|Large U.S. equity funds
Second quarter market observations:
The second quarter provided a respite and recovery from the first quarter’s decline, with all indices gaining. Small U.S. equities (represented by the Russell 2000 Index) rose 25.4%, large U.S. equities (represented by the S&P 500) gained 20.5%, and international equities (represented by the MSCI All County World ex-U.S. Index) up 16.1%. Additionally, U.S. bonds (represented by the Bloomberg Barclays U.S. Aggregate Index) gained 2.9%.