A whopping $20 billion flowed into US equity funds on Wednesday, the day Donald Trump claimed a decisive victory in the presidential election, according to Bank of America Corp. strategists.
Portfolio manager James Callahan explains why the incoming U.S. administration is boosting investor prospects for deregulation and less strenuous M&As.
That was the biggest daily addition in five months, strategist Michael Hartnett said in a note citing EPFR Global. Small-cap stocks — which are seen benefiting from Trump’s protectionist stance — attracted the biggest inflow since March, at $3.8 billion.
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