401(k) investors dump equities after market sell-off investinyou (In partnership with acorns.)
When market volatility is high, financial advisors often suggest investors review — and possibly re-balance — their portfolios rather than make an emotional or impulsive move.
Yet as the stock market plunged at the beginning of this week, trading activity in 401 plans skyrocketed. And, data show that many investors moved money out of equity funds in accounts and into fixed income. Daily trading activity in 401 plan accounts was four-to-six times above average on Monday and Tuesday, according to Alight Solutions, which tracks 401 retirement plan activity at large employers. The firm's research found the majority of asset transfer outflows came from U.S. large cap equities and target date funds, while the majority of inflows were into stable value, bond and money market funds.
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