The global ETF industry enjoyed strong inflows over the course of 2024. These inflows occurred in a mainly positive market environment. While most equity markets were further on the rise over the course of the year despite the high valuations of the market leaders. Meanwhile, some bond segments faced the impacts from the beginning of the normalization of yield curves. This might also be the reason why investors are somewhat nervous and reacting quickly on any news that may impact the current market environment negatively. That said, the election of Donald Trump as the next U.S. president had a positive