(Reuters) – Global money market funds experienced huge inflows during the week ending Oct. 6. This was due to investors favoring safety in light of rising inflation, shortages in supply and distressed in China’s property sector.

Lipper’s data showed that global money market fund investors sold $21.85 trillion in the past week to buy $13.95 billion.

(Graphic: Fund flows into global equities bonds and money markets, https://fingfx.thomsonreuters.com/gfx/mkt/lbvgnorlkpq/Fund%20flows%20into%20global%20equities%20bonds%20and%20money%20markets.jpg)

The oil price reached multiyear highs last week. This raises concerns over an increase in inflation, and may prompt central banks to raise interest rates faster than they expected.

The net inflows to global equity funds totaled $6.4 billion. A large portion of these purchases were made by Asian investors. Asian equity funds received $4.03 trillion, while U.S.- and European equity funds received $2.85 billion and $11.2 billion.

A net inflow of $3.22 trillion was received by Japanese equity funds, which is the largest weekly flow since September 2020.

Financials and technology were the top sector funds with net 959 million and $780million, respectively. Each of these inflows marked a second consecutive week, while outflows to health care funds totaled $1.75 trillion.

(Graphic: Global fund flows into equity sectors, https://fingfx.thomsonreuters.com/gfx/mkt/lgvdwlmorpo/Global%20fund%20flows%20into%20equity%20sectors.jpg)

Global bond funds saw inflows of $3.78 trillion, a decrease of 43% over the previous week.

Global inflation-protected funds were able to secure $1.82 Billion, which is the largest since July 31, although corporate bond funds experienced an outflow in excess of $1.54 Billion.

(Graphic: Global bond funds’ flows in the week ended Oct. 6, https://fingfx.thomsonreuters.com/gfx/mkt/klpykzeqkpg/Global%20bond%20funds’%20flows%20in%20the%20week%20ended%20Oct.%206.jpg)

Commodity funds experienced outflows up to $275 Million after small inflows over the past week. Meanwhile, precious metals saw net outflows at $188 Million.

Analysis of 23831 emerging market fund funds shows that equity funds had their first week of inflows in 3 weeks. This was worth a net $1.46billion. Bond funds however, experienced their third weekly outflow at $1.62billion.

(Graphic: Fund flows into EM equities and bonds, https://fingfx.thomsonreuters.com/gfx/mkt/egpbkmnjnvq/Fund%20flows%20into%20EM%20equities%20and%20bonds.jpg)