From time to time, EPFR’s clients alert us to anomalous flows into exchange traded funds (ETFs) that occur on a specific day and for a specific fund. Given our awareness of these types of flows, and the granularity of our databases, EPFR’s quant team decided it was high time they dove into our ETF database and conducted a systematic analysis of these events.
The run-up to election day: Reading the fund tea leaves
With less than a week to go before America chooses a president, what are the flow and return numbers saying? The flows and returns for EPFR-tracked funds, that is.
Will incumbent Donald J Trump be re-elected? Or Joe Biden voted into office as the 46th President of the United States?