Technology equity funds pull in $195B in inflows, dwarfing every other sector combined

Global technology equity funds have attracted $195 billion in inflows over the past year, more than every other major sector combined. That’s not a rounding error or a statistical quirk. It’s the financial equivalent of one kid at the lunch table eating everyone else’s food and still being hungry. The figure underscores a market dynamic that has been building for several years: investors aren’t just bullish on tech, they’re practically monogamous with it. And the driving force behind this concentrated affection has a two-letter name that now appears in roughly every earnings call transcript on the planet: AI. Record flows keep accelerating The numbers tell a story of acceleration, not just growth. According to data from EPFR and Bank of America, global technology funds attracted a record $131 billion in inflows year-to-date through mid-August 2026. That already blows past the previous full-year record of approximately $81 billion set in 2025 by about $50 billion, and we’re not even through the third quarter. If the current pace holds, annualized inflows could reach roughly $216 billion for the full year. That would mark the fourth consecutive year of increasing capital flows into t...