The technology sector has seen a strong performance throughout the year, with the Nasdaq rising approximately 14% and reaching an all-time high in late October, News.Az reports, citing Reuters.
But they have since stumbled and the tech heavy index dropped 2% on Thursday.
Nonetheless, tech stocks also saw a $4.4 billion inflow in the week to Wednesday, BofA said in their weekly round up of flows in and out of world markets.
Elsewhere, it said crypto funds saw a weekly outflow of $2.2 billion, the second largest outflow on record.
Cryptocurrencies have been caught in a broad flight from risk assets and on Friday bitcoin and ether fell to multi-month lows.
The BofA note also showed U.S. Treasuries had $8.8 billion of inflows, their biggest inflow since April when U.S. President Donald Trump's Liberation Day tariffs roiled world markets.
