The chart shows the average net fund flows into equity funds and money market funds in presidential election years and in the year after an election, using data from 1992 through 2020. In presidential election years the average net equity fund flow has been $76 billion, and net money market flows have been $176 billion. In the year after an election, average net equity fund flows have been $168 billion, and net money market flows have been $36 billion. Source: Morningstar. Includes mutual funds and ETFs. Values based on U.S. dollars. Equity funds include U.S. and international equity funds. 2020 data is year-to-date through July 31, 2020.
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