Where are people investing these days? Technology funds just closed out one of their biggest weeks ever in inflows. According to Bank of America Merrill Lynch, tech funds saw $2.3 billion inflows this week, its second-highest weekly inflows ever.
Tech funds have taken in $17.3 billion so far this year, according to Bank of America analysts. That puts the sector on track for a record year in inflows.
The other hot investing option? Money market funds, which pulled in nearly $34.9 billion during the seven days through June 6, according to Lipper. One big reason for that: Money fund yields averaged 1.41 percent at the end of May, up from just 0.49 percent a year ago.