(Reuters) – The week ended Nov. 17 saw the lowest global equity fund inflows in five weeks. This result was caused by high inflation levels and fear of an economic slowdown.

Refinitiv Lipper data revealed that net purchases of global equity funds fell to $5.15 trillion, which is the lowest level since Oct. 13th.

Graphic: Fund flows into global equities bonds and money markets – https://fingfx.thomsonreuters.com/gfx/mkt/zjpqkwgqzpx/Fund%20flows%20into%20global%20equities%20bonds%20and%20money%20markets.jpg

The U.S. government is expected to raise its interest rate as soon as 2022, as a result of data that showed consumer price inflation at its highest level since October 31st.

Additionally, China’s October factory gates prices rose at an unprecedented pace, surpassing 1995. Meanwhile, inflation in Britain has risen to a 10-year peak.

U.S. equity funds experienced outflows in the range of $1.98 billion to $0.35 billion.

After Christine Lagarde, President of the European Central Bank, resisted widespread market expectations for a rate increase, European equity funds drew a net $5.42 trillion in inflows.

Technology and consumer discretionary funds were the top sector funds with $907 million in inflows. Healthcare funds saw outflows of $643million and $411 million, respectively.

Graphic: Global fund flows into equity sectors – https://fingfx.thomsonreuters.com/gfx/mkt/xmpjorxgmvr/Global%20fund%20flows%20into%20equity%20sectors.jpg

Net buying by global bond funds totalled $6.22 Billion, down 39% from the previous week.

The net buys of inflation-protected funds totaled $1.91 trillion, and the net inflows from government bonds funds reached $3.26 billion. This is the largest weekly inflow since August 4. Corporate bond funds, however, saw net outflows of $655 million.

Graphic: Global bond funds’ flows in the week ended Nov 17 – https://fingfx.thomsonreuters.com/gfx/mkt/zdpxonwoovx/Global%20bond%20funds’%20flows%20in%20the%20week%20ended%20Nov%2017.jpg

In the meantime, net global money market fund purchases totalled $5.07 billion, which is the largest inflow of funds in just four weeks.

The data from commodity funds shows that precious metals funds attracted a net of $817 million following seven weeks of outflows. This was the third consecutive week with inflows to energy funds, which attracted $124 millions.

Analysis of 23953 emerging market fund funds revealed that investors bought equity funds worth $431 million for the third week and sold bond funds valued at $1.75 trillion.

Graphic: Fund flows into EM equities and bonds – https://fingfx.thomsonreuters.com/gfx/mkt/gkplgdzmrvb/Fund%20flows%20into%20EM%20equities%20and%20bonds.jpg