A stock picker's market is forming for the first time since 2008 as investors ditch ETFs and pile into single shares, Bank of America says

• Bank of America said it seeing the first sign of a stock picker's market since 2008. 
• So far this year, $25 billion has flowed into single stocks while ETF outflows have reached $9 billion. 
• The tech sector has pulled in the most investment money year to date. 

Investors are snapping up single stocks and moving away from index funds as they target buying opportunities in the US equity market.

Inflows into single stocks cumulatively have climbed to $25 billion on a year-to-date basis while, outflows from exchange-traded funds have reached $9 billion – the widest gap since the global financial crisis, Bank of America Securities said in a Tuesday note about flow trends.