Investors turn to two investment vehicles ahead of US elections

Follow Us on Google News Investors turned to a lot of buying, especially in two asset categories, ahead of the US presidential election to be held on Tuesday. According to the news on CNBC, the first is bonds and the second is Bitcoin. Bank of America credit strategist Yuri Seliger said there was a shift towards bond purchase last week among US fund investors. In the report sent to its bank customers, Seliger said, "Last week, investments in both high-quality and high-grade bonds accelerated significantly." Bank analyst, in the same time frame...

Investors turned to buying heavily, especially in two asset categories, before the US presidential election to be held on Tuesday. According to the news on CNBC, the first is bonds and the second is Bitcoin.

Bank of America credit strategist Yuri Seliger said there was a shift towards bond purchase last week among US fund investors. In the report sent to its bank customers, Seliger said, "Last week, investments in both high-quality and high-grade bonds accelerated significantly." The bank analyst emphasized that there were outflows in stock funds in the same period of time.

The demand for bonds has spread to a wide range of various categories. Investable corporate bonds, municipal bonds, mortgage-based securities, long-term Treasury bonds and high-yield bond funds were among the top 20, the highest fund inflows last week. On the other hand, it is thought that this is not an 'risk escape' movement. The reason is that there are exits from some of the short-term Treasury ETFs.

According to the news, another sign that they are taking more risks is the situation in cryptocurrencies. More than $2 billion net was invested in BlackRock's spot Bitcoin ETF this week. The 872 million dollar part of this amount was recorded in just one day.