After Donald Trump won the US Presidential Election, traders rushed into risky asset ETFs, largely unmoved by the prospect of rising interest rates that threatened some of these strategies. Exchange traded funds focused on US equities recorded inflows of about $18 billion on Wednesday. That was almost 16 times the daily average for 2024, according to the data. The flows largely reflect the "Trump trade", a bet that the president-elect will loosen his regulatory stance on sectors such as banks and cryptocurrencies in favour of companies that do business mostly within the US. The iShares Russell 2000 ETF (ticker IWM), which tracks small-cap stocks, recorded a net inflow of $3.90 billion on Wednesday, its biggest one-day inflow in more than 17 years. SPDR's S & P Regional Bank ETF (KRE) saw record one-day inflows, while a State Street fund tracking financial stocks attracted $1.60 billion, the most since 2016.