ETF Snapshot: All asset classes record positive flows

Data from TrackInsight

In the week ending 20 October, all asset classes saw positive flows, according to data from TrackInsight, with US equities continued to lead the way after the US Senate approved President Donald Trump's ambitious tax reforms.

As a result, US large-cap ETFs saw the strongest demand from investors, recording inflows of €6.7bn, while small caps and global stocks also saw strong sales of €1.7bn and €1.8bn respectively. Trump's reforms, which were approved by the Senate on 19 October, will see corporation tax cut to 20% from 35% and almost entirely end taxation on non-US earnings. The bill, which will be implemented in the 2018 fiscal year, was subsequently passed by the House of Representatives on 26 October and is expected to give a boost to the US stockmarket. Emerging stocks built on the strong €2.4bn in...