After President Donald Trump’s marked his first 100 days in office, exchange traded fund investors quickly reacted to the new paradigm, shifting assets to best capitalize on the administration’s goals and policies.
According to a TD Ameritrade note on ETF asset flows in its platform, ETFs immediately experienced asset flows after the election, and the brokerage saw overall positive net inflows into ETFs every month since the November election, with Millennial investors leading the charge.
However, while still positive, the pace of inflows weakened in April to its slowest pace since the election as investors weighed on an extended bull market conditions and Trump’s ability to implement his promised policy changes.
As investors considered investment options under Trump, a few sectors stood out among the asset inflows, including financials, defensives, industrials and energy.