Accessible version BofA Securities Equity Client Flow Trends Flows out of Tech at multi-year records Biggest equity ETF inflows in over 3 years; Value>Growth Exhibit 3: Rolling 4-wk avg. Tech flows as a % of Tech mkt. cap now the most (-) since mid-'21 Rolling four-week average net buying (selling) of Tech stocks by our clients ($mn) Hedge funds/institutional clients bought last week's dip More big Tech outflows (at multi-year extremes) Source: BofA Securities -0.05% -0.04% -0.03% -0.02% -0.01% 0.00% 0.01% ...