Buy It All

In the humorously titled "MAGAFOMOTINA," I noted that US equities have surpassed $400 billion of inflows for 2024. If you're curious, that figure -- the cumulative inflow tally -- for global equity funds this year now stands at $624 billion. As the figure below shows, outflows were very rare this year. With just a few weeks left on the calendar, we've seen just five net redemptions. Remarkably, there were only three weeks where the outflows were anything but negligible. The split on that $