Home / Market Update / Global Stock Market / Tech Stocks Sees Highest Investments in Six Months – BofA

Tech Stocks Sees Highest Investments in Six Months – BofA

More investors are leaning towards slowing-growth assets, amid rising inflation rates, according to a weekly investment-monitoring report by the Bank of America, as cited by Reuters on Friday.

Technology stocks witnessed the highest inflows since March at $2.5 billion.

Meanwhile, high selling was seen on Treasury bonds and other U.S. government debt instruments with outflows of $1.3 billion over the week. This is the highest level of investment outflows since February.

In addition, emerging market equities saw inflows of $4.4 billion.

Check Also

Supply Outlook: EU Eyes Russian Imports, and US Inventories Signal Market Shift

According to the Energy Information Administration (EIA), US crude oil production is projected to decrease …