Investors swarm into tech stocks and crypto - BofA

FILE PHOTO: Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

LONDON: Investors poured the most cash into technology stocks since August in the week to Wednesday and doubled the amount they put into cryptocurrencies, according to a report on Friday from Bank of America Global Research.

Inflows into tech stocks reached $4.7 billion, the most since August, putting flows on track for an annualised record of $98.8 billion, BofA said, citing EPFR data.