(Reuters] – Money inflows to global equity funds increased in week ending May 25th as investors took refuge from a rebounding stock market after seven consecutive weeks of sharp falls.

Refinitiv Lipper reports that investors purchased $6.16 trillion worth of equity funds worldwide, their first net weekly purchase since April 6.

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

The MSCI All Country World Index has increased by more than 3 percent this week after dipping to 12.7% for the previous seven weeks due to concerns about aggressive inflation rate increases that could lead the global economy into a downward spiral.

Jefferies noted in a note, that large inflows into equity funds worldwide were due to creation of equity exchange-traded fonds (ETF).

According to data, equity ETFs experienced inflows of $15.76 trillion in one week. This is the most in nine weeks.

The U.S. Equity Funds had an inflow of $4.61 Billion and the Asian equity fund received $1.22 Billion, while European funds received just $0.13 Billion.

Chinese equity funds have bought 0.58 Billion, their first net weekly purchase in seven weeks.

According to data for sector funds, industrials saw inflows of $713 millions, while tech and financials faced outflows at $1.74 billion each.

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

Investors sold $9.94 trillion of bonds funds during the week. This was their eighth consecutive weekly outflow.

Global investors sold short-term and medium-term bonds funds valued at $5.14 trillion, while outflows from high-yield funds were $2.18 billion.

But, inflation-linked funds made $0.59 Billion and government bonds gained $3.85 Billion, posting net inflows for the fifth week.

Graphic: Global bond fund flows in the week ended May 25 – https://fingfx.thomsonreuters.com/gfx/mkt/zjpqkgodjpx/Global%20bond%20fund%20flows%20in%20the%20week%20ended%20May%2025.jpg

After three weeks of net sales, investors bought money market funds worth $23.13 Billion.

After four weeks of net sales, data for commodity funds revealed that gold and precious metals funds had received $1.36 trillion. However, outflows to energy funds were $29 million.

Analysis of 24276 emerging market fund funds shows that investors sold $1.5 Billion of bond funds and $332 Million equity funds. It is the seventh week of outflows.

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