ETF Snapshot: US large caps attract €7bn on Trump's tax reform agenda

Data from TrackInsight

In the week ending 13 October, ETF investors moved back into US large caps following outflows during the previous week, according to data from TrackInsight, fuelled by US President Donald Trump's tax reform promises.

US large-cap ETFs saw €7.4bn of inflows, the most of any asset class during the week, following outflows of €576m the week prior. It is expected Trump's plans to cut corporation tax to 20% from 35% and almost entirely end the taxation of non-US earnings will provide a boost to the US stockmarket.  As the President reiterated his ambitious reform plans, US indices have continued to power through to new record highs. Meanwhile, global ETFs also continued to enjoy strong demand, with inflows of €3.3bn building on the €2.1bn of net sales seen last week, while emerging market equities w...