ETF Snapshot: All equity sectors record positive flows

Data from TrackInsight

In the week ending 1 December, US large-cap ETFs attracted the largest weekly flows across all asset classes, according to data from TrackInsight, after the Dow Jones recorded its strongest weekly performance of the year.

US large-cap ETFs saw inflows of €5.2bn after the Dow Jones rose 2.9% to 24,232 points over the week, its best performance since 9 December 2016, according to the FT. Meanwhile, the S&P 500 climbed 1.5% to 2,642 points; its highest weekly rise in 11 weeks. Strong gains came as expectations rose that US President Donald Trump's ambitious reforms, which would see corporation tax cut from 35% to 20%, would be implemented. The Senate passed a new version of the Tax Cuts and Jobs Act on 2 December by 51 votes to 49, meaning it will now need to be merged with the legislation that passed in ...