Friday, 08 November, 2024
Archr News Update
US equities saw the biggest daily inflow in five months on Wednesday, the day Donald Trump was declared winner of the US Presidential election, at $20 billion, according to a Bank of America note citing EPFR Global data.
- US small caps saw the biggest daily inflow since March at $3.8 billion, a team led by Michael Hartnett writes in a note
- Financials had the biggest daily inflow on record, at $2.9 billion
- In the week through Nov. 6, US equities had a fifth straight week of inflows at $32.8 billion; Europe had outflows for a sixth week at $900 million; EM had outflows for a fourth week at $1.1 billion
- Despite inflows to tech in the latest week, sector has suffered its biggest cumulative outflow since 2002 over the past four weeks
- By style in US: large caps +$24.2b; US small caps +$4.5b; growth -$600m; value -$1.9b
- By sector: financials +$2.5b; tech +$500m; energy -$200m; utilities -$200m; comms services -$200m; materials -$200m; health care -$700m; consumer -$1b; REITS -$1.1b
- Bonds had inflows for 46th week at $14.5b
- IG +$10.9b; HY +$200m; EM debt -$3b; Treasuries +$4.2b
