529 assets declined in 2008 fourth quarter
CSF members handle $34 billion, or 39 percent, of the $88.5 billion in assets, and experienced a 16 percent decrease or slightly more than the industry as a whole.
Gross 529 sales among CSF members decreased by more than 50 percent in Q4 2008 as compared to Q4 2007. However, redemptions were lower as well. Two-third of assets with CSF members are invested in age-based portfolios.