Investors have been closely shopping for two very completely different classes of property ahead of subsequent week’s election: bonds and bitcoin . Financial institution of America credit score strategist Yuri Seliger highlighted a shift towards bond shopping for amongst fund buyers over the previous week. That included greater than $6 billion going into so-called excessive grade bonds — the best degree in eight weeks — in addition to inflows for top yield credit score. “Inflows notably accelerated for each HG and HY this previous week ending on October 30, pushed by ETFs,” Seliger stated in a notice to purchasers. In the meantime, fairness funds really had slight internet outflows throughout the identical timeframe, in response to Financial institution of America. A take a look at the record of the preferred exchange-traded funds on FactSet over the previous week reveals demand for bonds has been broad throughout classes. Funds for investment-grade company bonds, municipal bonds, mortgage backed securities, long-term Treasury bonds and excessive yield bonds are all within the prime 20 funds by inflows over the previous week. That blend is notable as a result of it suggests the bond shopping for isn’t a full risk-off transfer. Actually, some of the biggest short-term Treasury ETFs — arguably essentially the most secure bond funds on the market — noticed outflows final week. One other signal that buyers are taking on some additional threat exterior of shares is an eye-popping quantity in cryptocurrency. The iShares Bitcoin Belief ETF (IBIT) has raked in additional than $2 billion of inflows over the previous week, in response to FactSet. Greater than $870 million of that got here in sooner or later, which is a report influx for the fund, in response to JPMorgan. Bitcoin ETFs as an entire have now attracted greater than $23 billion of inflows since their launch in January, in response to JPMorgan.