The finds are from the companys fourth quarter 2002 SDBA Indicators report.
"As markets improved in the fourth quarter, we saw a strong return to equity market investing," said Jim McCool, senior vice president of company. "Fully 77% of investments went into equities, mostly through equity mutual funds. This reflects a sharp reversal from third quarter behavior."
Mutual fund investments remained unchanged from the third quarter at 43%, while equity holdings inched up 1% to equal 22%.
The SDBA Indicators report profiles the investment behavior of about 60,000 401(k) plan participants investing through Schwabs self-directed brokerage account, the Schwab Personal Choice Retirement Account.