ETF Snapshot: All Asset Classes Record Positive Flows

As a result, US large-cap ETFs saw the strongest demand from investors, recording inflows of €6.7bn, while small caps and global stocks also saw strong sales of €1.7bn and €1.8bn respectively.

Trump's reforms, which were approved by the Senate on 19 October, will see corporation tax cut to 20% from 35% and almost entirely end taxation on non-US earnings.

The bill, which will be implemented in the 2018 fiscal year, was subsequently passed by the House of Representatives on 26 October and is expected to give a boost to the US stockmarket.

Emerging stocks built on the strong €2.4bn inflows of the previous week, taking in €1.2bn, while European and Asian large-cap ETFs were also in the black with €439m and €47m respectively.

In the fixed income space, investment grade bonds recorded the highest inflows with €2bn, while government bonds inflows totalled €820m.

High yield bonds were also back in the black during week, with €377m inflows, while emerging bonds took in €137m, also an improvement from the previous week.

TrackInsight's data covers both US and European-listed ETFs that in combination make up around 70% of the total market.