Mutual fund and ETFs post-election inflows similar to 2016: Goldman
Mutual fund performance was weak during the first eight months of the year but has since stabilized, according to Goldman Sachs.
Goldman notes that historically, during nine presidential election years since 1988, mutual fund cash holdings as a percentage of assets tend to decrease by a median of roughly 0.3 percentage points in the months following the election. For instance, the average large-cap mutual fund is significantly underweight in the"Magnificent 7" mega-cap tech stocks, with four of these stocks – Microsoft (NASDAQ:
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