Global technology equity funds pulled in $15.7 billion in net inflows last week, the third-largest weekly haul on record for the category, according to Bank of America Global Research. The total arrives well above the prior record set in mid-2023, even as non-tech equity funds see flat or negative flows over the same stretch.
Global technology equity funds attracted $15.7 billion in net inflows last week, according to Bank of America Global Research. That figure ranks as the third-largest weekly inflow ever recorded for the category.
The record in context
Bank of America and data provider EPFR, which track global fund flows, flagged the total as a standout event. The second-largest weekly inflow on record for US technology funds was $14.3 billion, recorded during the week ending July 1, 2026. Before that, the biggest weekly tech fund inflow on record was $8.5 billion in June 2023, a surge attributed at the time to AI-driven optimism.
The $15.7 billion figure nearly doubles that mid-2023 record. Non-tech equity categories, meanwhile, are seeing flat or even negative flows during the same periods.
Institutional money drives the shift
Moving that much capital into tech funds in a single week points to institutional allocators, not just retail traders, making deliberate portfolio shifts — retail rarely moves that kind of weight alone. In periods when tech funds pull in record capital, other equity categories are essentially treading water.
What the pace signals
The velocity of capital moving from $8.5 billion as the prior record to $15.7 billion now suggests expectations are getting priced in faster than the underlying technology can mature. Watch the weekly flow data from BofA and EPFR closely. If tech fund inflows start decelerating while the broader market stays flat, that may be an early signal the rotation trade is running out of new buyers.
Source: Crypto Briefing
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