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.
A look at the list of most popular ETFs on FactSet over the past week shows that the 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 all in the top 20 funds by inflows over the past week.
The iShares Bitcoin Trust ETF (IBIT) has raked in more than $2 billion of inflows over the past week, according to FactSet.
Persons:
Yuri Seliger, Seliger, outflows
Organizations:
Bank of, HG, HY, Bank of America, —, JPMorgan