(Reuters) – Global bond funds saw their first weekly inflow for three months during week ending March 30. This was due to a drop in oil prices, which helped temper concerns about inflation.

Refinitiv Lipper reports that global bond funds saw $3.5 billion of inflows in the week ending March 30. This is their first weekly inflow in a row since January 5. But they were hit with $108.22billion in outflows during the first quarter. This is the highest since the beginning of 2020.

For a related graphic on fund flows- Global equities bonds and money market, click https://tmsnrt.rs/3LvWlFs

The week ended March 30 saw $5.77 Billion inflows into European bond funds. But, U.S. bonds funds were hit with outflows.

The global high yield bond funds attracted $1.3 billion in flows, and the government-linked and inflation-linked bond funds received $1.2 million and $1.1 billion.

Global equity funds received $464m in their second weekly inflow. This was a much lower inflow than $19.67billion the week before.

For a related graphic on global bond fund flows in the week ended March 30, click https://tmsnrt.rs/3wWvLBm

The first quarter 2022 saw them receive 70 billion, as compared to 191.45 billion for the fourth quarter 2021.

Tech and industrials received the largest inflows of sector funds with $974 and $181 millions, respectively.

After two weeks of consecutive outflows, $16.5 billion was net bought by money market funds.

Precious metal fund investors invested $670 million, making it their 11th week of net purchasing in the commodities sector. In contrast, energy funds saw outflows in the amount of $241 millions.

For a related graphic on Fund flows- Global equity sector funds, click https://tmsnrt.rs/3IZ5Lrk

Emerging market equity fund inflows reached $3 billion. This is their highest since Feb. 9. Emerging market bond funds saw $1.75 billion after four consecutive weeks of outflows.

For a related graphic on fund flows- EM equities and bonds, click https://tmsnrt.rs/3tYMUZi