Numlock News: December 13, 2019 • Snakes, Cooks, Cats
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By Walt Hickey Have a great weekend! Alphabetical A new study found that 401(k) participants are likelier to invest in index funds that are higher in the alphabet. Looking at 6,807 plans — each with about 20 fund options and about $32.5 million in assets — researchers found that the act of moving a plan from the bottom of the list to the top increased the fraction of money thrown in its direction to 11.68 percent, significantly higher than the 9.9 percent average. And given the average asset size, that’s
Numlock News: December 13, 2019 • Snakes, Cooks, Cats
Numlock News: December 13, 2019 • Snakes…
Numlock News: December 13, 2019 • Snakes, Cooks, Cats
By Walt Hickey Have a great weekend! Alphabetical A new study found that 401(k) participants are likelier to invest in index funds that are higher in the alphabet. Looking at 6,807 plans — each with about 20 fund options and about $32.5 million in assets — researchers found that the act of moving a plan from the bottom of the list to the top increased the fraction of money thrown in its direction to 11.68 percent, significantly higher than the 9.9 percent average. And given the average asset size, that’s