With Clinton’s loss, investors pared down bets of reprisals on the biotechnology and pharmaceutical industry for their high drug prices, with $756 million flowing into the iShares Nasdaq Biotechnology ETF (NasdaqGM: IBB) on Thursday, the largest daily inflow into fund.
Meanwhile, Trumps vow to limit immigration and trade with Mexico and build a wall along its border triggered a record 17.6 million share daily volume in the iShares MSCI Mexico Capped ETF (NYSEArca: EWW) after the ETF plunged 8.5%.
The markets also took lessons learned from the so-called mini flash crash of August 2015 and applied countermeasures to ensure a more orderly market open. In the early morning after the election, the NYSE’s Arca electronic exchange notified traders it would allow stocks to trade in a wider price band in early minutes, which helped prevent trading halts that occur when prices move too quickly – the NYSE Arca also did the same after the U.K.’s surprise Brexit vote.
Consequently, only 14 trading halts, six of which were exchange traded products, occurred after the election, compared to the 70 trading halts the day after Brexit and the nearly 1,300 on August 24, 2015.
For more information on ETF flows, visit our ETF performance reports category.