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Home > Library > Stable Times > Volume 5, Issue 2
The quarterly publication of the Stable Value Investment Association
Second Quarter 2001 • Volume 5 Issue 2
FIRSTSource Data for 1st Qtr 2001 Shows Strong Inflows into Stable Value
Hueler is pleased to report that 1st Quarter 2001 FIRSTSource data shows
the strongest positive cash inflows in years. The FIRSTSource Market data
encompasses 400 plans with stable value assets of $106 billion and plan
assets of $458 billion. The data reveals that the average plan experienced
inflows of 2.67% during the first quarter of 2001.
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FIRST-Source Market Data:
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1st Qtr. 2001
%
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4th Qtr. 2000
%
|
3rd Qtr. 2000
%
|
2nd Qtr. 2000
%
|
1st Qtr. 2000
%
|
4th Qtr. 1999
%
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3th Qtr. 1999
%
|
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95%
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10.08
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6.63
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5.48
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3.63
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1.82
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10.25
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2.56
|
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75%
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5.15
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0.91
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0.64
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-0.55
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-3.85
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3.97
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0.42
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Average
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2.67
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-0.73
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-0.97
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-2.03
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-7.58
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1.75
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-1.46
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25%
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0.28
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-2.58
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-2.55
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-3.72
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-10.33
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-1.18
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-2.96
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5%
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-4.93
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-8.07
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-6.15
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-7.46
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-19.06
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-5.32
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-7.88
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As shown in the table above, 1st quarter 2001 was the first quarter since
4th Qtr 1999 that the average cash flow was positive. The average 4th
Qtr 99 inflow of 1.75% was caused in part by a temporary conservative
Y2K mentality and not long-term sentiment, which ultimately resulted in
outflows for the months to follow. Prior to the 12/31/99 anomaly, quarterly
cash flow had not been positive at this magnitude since prior to 1997.
While it is difficult say whether this is yet a trend, it is a refreshing
shift in a positive direction.
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