(Reuters] – Massive inflows to global money market funds in week ending April 27th were a result of investors rushing to safe assets in response to concerns over the economic slowdown and surging inflation, as well as the conflict in Ukraine.

Refinitiv Lipper reported that the biggest weekly buy of money market funds since Oct. 27 was $51.4 billion.

Graphic: Fund flows: Global equities bonds and money market – https://fingfx.thomsonreuters.com/gfx/mkt/byvrjnxagve/Fund%20flows-%20Global%20equities%20bonds%20and%20money%20market.jpg

This week’s MSCI global equity index fell to a new 13-month low, triggered by concerns about the U.S. Federal Reserve’s aggressive tightening of lending and impact on global economic growth. A third week of net selling was witnessed by global equity funds, with a total outflow amounting to $12.42 billion. U.S. equity fund outflows were $10.55 and $3.52 respectively. But, net purchases by Asian funds were $1.43 billion

Sector-wise, technology, consumer discretionary, and financials lost $2.5 billion each, $0.94 trillion and $0.63 Billion, respectively, in net sales. Meanwhile, staples gained $1.18B in net purchasing.

Graphic: Fund flows- Global equity sector funds – https://fingfx.thomsonreuters.com/gfx/mkt/lbvgnywxqpq/Fund%20flows-%20Global%20equity%20sector%20funds.jpg

The fourth consecutive weekly outflow from global bond funds was $9.72 Billion.

In the 16th week in succession, global high-yield funds have lost $2.1billion and short-term and medium-term bonds funds had to forgo $4.08billion. Net inflows into government bonds funds however, were $1.15 Billion.

Graphic: Global bond fund flows in the week ended April 27 – https://fingfx.thomsonreuters.com/gfx/mkt/egpbkelxkvq/Global%20bond%20fund%20flows%20in%20the%20week%20ended%20April%2027.jpg

Commodities fund data revealed that precious metal funds experienced their first outflow weekly in just 15 weeks. This was worth $436 Million. Meanwhile, energy funds saw a $64 million sale for the sixth week. Analysing 24,273 emerging markets funds, net selling of equity and bond funds rose to at most a six week high of $1.97 Billion and $2.5 Billion respectively.

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