During the week ending 29 September, investors reacted positively to US President Donald Trump's tax reform plans, according to data from TrackInsight, as all asset classes recorded positive flows.
Flows into US large caps slowed to just €35m during the week, after the US stockmarket rallied following Trump's tax reform announcement, which included plans to cut the corporate tax rate to 20% from 35% along with a number of other changes. However, the US President now faces a fight to get the proposals through Congress after his attempts to dismantle former President Barack Obama's Affordable Care Act was thwarted. Global equity ETFs recorded the highest inflows, taking in €1.2bn following inflows of €2.1bn the previous week, while European large cap ETFs also saw strong flows of ...
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