The Bank of America Research Report shows that due to the “surge” in inflation mentioned in the earnings call of US listed companies, there are three sectors that are favored by investors.

Specifically, since the company began announcing its second-quarter results in July,Investors favored the three sectors of energy, materials, and real estate, and moved capital to areas that could benefit from rising inflation.

These strategists tracked the flow of Bank of America clients' funds into and out of exchange-traded funds (ETFs) and individual stocks, and found that in the 11 sectors of the S&P 500 index, the total capital inflows were very low. According to a report released Wednesday evening,Energy stocks attracted the most capital, while technology stocks had the most outflowsThe reason is that customers sold individual stocks during the second-quarter earnings season.

Since the beginning of this year, energy, real estate, and materials have risen 25%, 33%, and 15%, respectively.