Investors have been heavily buying two very different categories of assets ahead of next week’s election: bonds and bitcoin . Bank of America credit strategist Yuri Seliger highlighted a shift toward bond buying among fund investors over the past week. That included more than $6 billion going into so-called high grade bonds — the highest level in eight weeks — as well as inflows for high yield credit. “Inflows notably accelerated for both HG and HY this past week ending on October 30, driven by ETFs,” Seliger said in a note to clients. Meanwhile, equity funds actually had slight net outflows during the same timeframe, according to Bank of America. A look at the list of the most popular exchange-traded funds on FactSet over the past week shows demand for bonds has been broad across categories. Funds for investment-grade corporate bonds, municipal bonds, mortgage backed securities, long-term Treasury bonds and high yield bonds are…
Investors load up on bonds, bitcoin ahead of U.S. presidential election
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