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.