#USTechFundFlows

US tech fund flows are currently a tug-of-war. Large sums are moving out, while buyers are stepping in during dips.

On the "risk-off tech" side, data from EPFR shows technology funds had outflows of about $2.03 billion in the week ending February 6, 2026. Investors were moving their money to other regions and sectors.

This rotation is becoming more apparent. Non-tech equity funds attracted $62 billion in early 2026, as the "anything-but-tech" strategy gained traction.

However, retail investors are not following the same trend. The iShares Expanded Tech-Software Sector ETF (IGV) reportedly saw net inflows of around $176 million over the past month, with retail buyers showing interest during the software selloff.

Even within ETFs, flows can change daily. One recent look showed the XLK with outflows around -$176 million on February 9, 2026.

My interpretation is that tech is not "dead" but is being re-priced. Keep an eye on whether these outflows decrease and if the upcoming earnings reports confirm growth beyond the largest tech companies.