Infrastructure ETFs make gains as investors bet on government’s $1.5 trillion investment plan.
While ETF investors may have temporarily dipped out of large cap US stocks, small caps in particular are still in the black as investors feel they will benefit from the domestic agenda.
Investors appear to be taking advantage of a risk-on environment shortly after the second market fall of 2018, with inflows into US banks, US tech and Mexican stocks.
North American stocks tracked by ETFs around the world may have gained inflows since the market dip earlier this year despite a chaotic White House and uncertain market policy, but returns remain lacklustre.
ETF investors are piling out of Russian-focused exchange traded funds amid allegations from Vladimir Putin that the US is meddling with its upcoming presidential election.
Technology-focused exchange traded funds are leading the way compared to other US sectors following the market rebound. Of the 11 sectors in the S&P 500 Index, tech is at the top of the list in terms of inflows.