There really is no competition between ETFs and mutual funds, the majority of advisors expect Trump-driven volatility and E*Trade adds more index funds to its platform.
Although Europe equity funds recorded modest gains, fears that fresh turmoil in the Eurozone is one election or debt negotiation away stopped investors from chasing recent market gains.
U.S. and emerging-market fixed-income funds continued to pull in new money over the past week, in spite of fears U.S. Fed will raise rates sooner than expected. Informa Macro Strategist David Ader predicts a March rate hike is off the table.