In the Margins

Trump victory has boosted mutual funds, ETFs

November 9, 2017

By CNBC

President Donald Trump's election led to a boom in the stock market and a resulting surge of money into mutual funds. In fact, since the Republican's victory a year ago, assets under management for mutual and exchange-traded funds surged about 16%, or $2.9 trillion, to $21.1 trillion, according to figures Thomson Reuters released Tuesday. "Performance has been the primary contributor to asset accretion since the 2016 presidential election," Thomson Reuters said in an analysis. Read the original story from CNBC.