(Bloomberg) — A whopping $20 billion flowed into US equity funds on Wednesday, the day Donald Trump claimed a decisive victory in the presidential election, according to Bank of America Corp. strategists.
That was the biggest daily addition in five months, strategist Michael Hartnett said in a note citing EPFR Global. Small-cap stocks — which are seen benefiting from Trump’s protectionist stance — attracted the biggest inflow since March, at $3.8 billion.
US stocks rallied to a record high this week following the election result and another interest-rate cut by the Federal Reserve. The S&P 500 Index is on track for its biggest weekly advance in a year.
https://finance.yahoo.com/news/us-stocks-draw-biggest-inflow-094354209.html