Market Fund Flows Mirror Election Polling

In a week in which the US Presidential election polling reversed sharply, favoring Donald Trump, there was also a related move among asset class fund flows, a Deutsche Bank report notes. In fact, many of the asset trends that had been established assuming a Clinton cake-walk to the Presidency witnessed negative outflows the previous week. Over the last two days, those trends mean reverted back to a Clinton victory dance. Fund flows reflect concern regarding a Trump victory last week In many respects, the sharp decline in the S&P 500 index that peaked October 24 at 2151 and then fell…