Investors have poured nearly $140 billion into U.S. stock funds since last month's election

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Cointime2024/12/06 06:44

By:Cointime

According to data provider EPFR, since Trump's victory on November 5th, US stock funds have received a cumulative inflow of $139.5 billion. This buying frenzy has made November the busiest month for fund inflows since 2000. The influx of new funds has helped drive major US stock indices to new highs, as traders shrugged off concerns that widespread policy proposals to raise tariffs could push inflation higher and threaten the Fed's plans for further rate cuts. Dec Mullarkey, Managing Director of fund management company SLC Management, said, "Trump's growth agenda is being widely welcomed." He also added that Trump's selection of top government positions is "quite market-friendly."

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