(Reuters] – In the days before Russia invaded Ukraine, investors rushed for global money market safety and abandoned equities.

Refinitiv Lipper data indicated that global money funds were bought by investors for a net $11.51billion, which was the first week of inflows in seven weeks.

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

Global equity funds were affected by aggressive selling of U.S. equity funds and European equity funds. This resulted in net outflows of $1.9 billion and $1 million, respectively. However, Asian equity funds saw net flows of $1.63 billion.

After eight weeks of inflows financials experienced outflows totalling $1.02 trillion. However, tech and consumer discretionary fund sales of $911 million and $613 millions respectively, were both positive.

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

Global bond funds were used by investors for the seventh week. However, outflows fell 85% from last week to $8.47 trillion.

A seventh week of global losses for high-yield and short-term bond funds was also reported. These were worth $2.57 billion and $3.14 trillion, respectively. In contrast, a six-week-long period of purchasing saw a net gain of $419 billion by government bond funds.

While outflows were recorded for inflation-protected bond fund assets for the fifth week in a row, they are still below Jan. 19.

Global bond fund flows in the week ended Feb 23 – https://fingfx.thomsonreuters.com/gfx/mkt/jnvwebynmvw/Global%20bond%20fund%20flows%20in%20the%20week%20ended%20Feb%2023.jpg

Precious metals funds attracted the largest net purchase of $982 million over four weeks. Energy funds received a net $85million in their third week.

Analysis of 24208 emerging market funds shows that investors have purchased equity funds in the amount of $2.59 Billion, representing a 22% increase over the prior week. However, outflows to bond funds fell to just $50 M for the third week.

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