During the week ending 21 July, investors piled into US large-cap ETFs for the third week in a row, according to data from TrackInsight, as political issues surrounding President Donald Trump appeared to be shrugged off by the market.
US large caps recorded inflows of €4.9bn, while global stocks and European large caps also saw strong inflows of €1.4bn and €896m respectively. Pressure on Trump has increased in recent weeks, after it was revealed his son Donald Trump Jr., adviser Jared Kushner and Paul Manafort, Trump's former campaign chairman, met with Russian lawyers during the 2016 US election campaign, according to The Washington Post. VIX soars on rising US political tensions Elsewhere, emerging stocks also saw strong flows of €773m, while Asian large-cap ETFs remained relatively neutral, only recording inf...
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