In Trump 1.0, Goldman Sachs flow of funds guru, Scott Rubner, notes that passive inflows into US equities were all the rage.
US Equity flows saw sizeable inflows for 6 months until April 2017.
The current rolling 6-month US passive flows are 3.2% of AUM.
Source: Goldman Sachs
On $12 Trillion of assets, this could imply $540 Billion worth of post-election demand to match the 2016 pace.
There has been >$12 Billion inflows EACH DAY for the past week. I haven’t seen these figures since 2016.
With all that mind, Rubner notes that all the incoming questions had a similar tone:
