Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Connected Government
- Consolidating Mission-critical Systems
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Eliminating the Pitfalls: Steps to Virtualization in Government
- Federal Executive Forum
- Federal Tech Talk
- Government Cloud Brokerage: Who, What, When, Where, Why?
- Government Mobility
- Mission-critical Apps in the Cloud
- Mobile Device Management
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- Understanding the Intersection of Customer Service and Security in the Cloud
Shows & Panels
What shutdown? TSP ends October with strong showing
Friday - 11/1/2013, 11:30am EDT
For the second month in a row, all the funds in the TSP posted in positive territory, according to data released Friday by the Federal Retirement Thrift Investment Board.
The strongest showings among the regular funds, as in months past, were in the C, S and I Funds. (See below for all the funds' performances in October)
The C Fund, pegged to the performance of companies in the S&P 500, rose 4.6 percent and the S Fund, smaller companies not included in the S&P index, was up 2.94 percent. The I Fund, a mix of international stocks ended the month with a 3.38 percent gain.
The F Fund, tracked to the bond market, has struggled to remain in the black much of the year. It inched up 0.89 percent in October, but remains negative — down 0.78 percent — year-to-date.
Despite the budget wrangling on Capitol Hill, October was a strong month for Wall Street. The S&P 500 closed at record high seven times throughout the month, according to the Associated Press.
"The market didn't waver in the face of the shutdown," Anton Bayer, CEO of Up Capital Management, told the AP. "That was huge."
But Wall Street's confidence didn't necessarily rub off on federal employees and retirees, who were quick to move their money out of the stock-indexed funds and into the safety of the Treasury securities-backed G Fund.
Between Oct. 1 and Oct. 16, TSP participants made 128,000 transactions, including fund transfers — compared to 125,000 total transactions for the entire month of September. All told, TSP participants moved about $2 billion into the G Fund during the 16-day shutdown, according to the TSP board.
Some 8,200 TSP participants also pulled money out of their accounts during the shutdown in hardship withdrawals — a 49 percent increase over the same stretch of time last year.
Thrift Savings Plan October 2013 returns
|Fund||October||Year-to-Date||Last 12 Months|