ETFs Are Getting Their Own ‘Trump Bump’
U.S. listed exchange-traded funds are on pace for a record year of inflows as investors have added over $375 billion to the low-cost investment alternatives through October. The surge of new money came on the heels of President Donald Trump’s election victory, with nearly $3.2 billion of inflows in the week after the vote alone. “Half a trillion dollars has flowed into ETFs since the U.S. presidential election a year ago, almost double the annual record,” writes Bloomberg Intelligence ETF Analyst Eric Balchunas.
— With assistance by Eric Balchunas