Cumulative U.S. Equity Fund Flows from 1 Year Before to 1 Year After U.S. Presidential Elections Since 2004 Positive flows into U.S. equity funds could help support further gains in the S&P 500 after the upcoming U.S. presidential election. Image: Goldman Sachs Global Investment Research
Money Market Fund Flows Money market funds often experience inflows before U.S. elections, as investors seek to reduce risk during election years and protect their cash. Image: Goldman Sachs Global Investment Research
Global Equity Flows Global equity inflows have remained strong year-to-date, driven by expectations of inflation moderation and potential interest rate cuts by central banks. Image: Goldman Sachs Global Investment Research
Bank Loan Flows Bank loan funds saw the largest inflow in two months, reflecting the increasing confidence of investors. Image: BofA Global Investment Strategy
Gold Flows Gold has seen renewed investor interest since March 2024, as evidenced by significant inflows to gold funds. Image: BofA Global Investment Strategy
Weekly Bond Fund Flows Bond funds saw the largest inflow since February 2021, reflecting investors’ desire to lock in high yields amid expectations of future interest rate cuts. Image: BofA Global Investment Strategy
Weekly Energy Flows Investor confidence in the energy sector waned, as evidenced by the largest outflow from energy funds since March 2023. Image: BofA Global Investment Strategy
Europe Flows Will outflows from European equity funds persist? Investors remain very cautious at this time. Image: BofA Global Investment Strategy
Flows by Year into Active vs. Passive Funds Passive funds are growing in popularity as investors prioritize lower fees, potential tax advantages, and doubt active fund managers’ ability to consistently outperform the market. As a result, active funds are facing capital outflows. Image: BofA US Equity & Quant Strategy
Risky vs. Safe Assets Fund Flows Risky vs. safe assets fund flows remain negative suggesting that investors perceive greater risks associated with risky assets and are opting for safer assets over risky ones. Image: Goldman Sachs Global Investment Research