US Stocks Draw Biggest Inflow Since June on the Day of Trump Win

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US Stocks Draw Biggest Inflow Since June on the Day of Trump Win
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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.

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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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