Both retail and institutional investors are putting money into the stock market, but those allocations are going to different areas.

Retail investors are buying more international stocks than domestic stocks, with a tilt toward small- and multi-cap issues, according to an analysis by RBC Capital Markets, CNBC reports.

Institutional investors, meanwhile, are going for domestic stocks, particularly large-cap ones.

Editor’s Note: New Video Exposes a ‘Great Retirement Heist’

Retail investors tend to put more money in mutual funds, while institutional investors tend to put more into exchange-traded funds (ETFs). International equity mutual funds have seen an inflow from retail investors of $71 billion this year, compared with $41 billion for domestic funds.

As for ETFs, $52.4 billion has gone to U.S. stocks funds, while $36.5 billion has been devoted to international stock ETFs.

Looking at the technology sector, mutual fund investors have been pessimistic, pulling $1 billion from tech funds this year. At the same time, ETF investors have pushed $5.2 billion into such funds.

The S&P North American Technology Sector Index has gained 28 percent so far this year, slightly topping the 26.8 percent gain for the Standard & Poor's 500 Index.

The S&P 500 closed at a new record high Monday, and investors no longer seem upset by the idea that the Federal Reserve will taper its quantitative easing soon.

"Our fundamental view is that any tapering-related pullback will be a temporary selloff," Dan Morris, a global investment strategist at TIAA-CREF Asset Management, tells Bloomberg.

"Valuations and earnings are good. We don't see a bubble in U.S. stocks."

Editor’s Note: New Video Exposes a ‘Great Retirement Heist’

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