REUTERS/Dado Ruvic/Illustration/File PhotoGlobal money market funds received inflows of $44.7 billion in the week, the biggest since the week ended Dec. 30, data from Refinitiv Lipper showed.
On the other hand, equity funds obtained inflows of $17.6 billion, the lowest in three weeks, pressured by a surge in U.S. bond yields.
Overall, equity funds received net buying of $289.6 billion in the first quarter, the biggest since at least 2013, though the inflows slowed by the end of the quarter.
Meanwhile, investors net bought $8.4 billion worth of global bond funds, which was about 19% higher than the previous week.
(Graphic: Global bond funds' flows in the week ended March 31, )An analysis of 23,671 emerging-market funds showed equity funds attracted $2.06 billion in inflows, a two-fold increase from the preceding week, while bond funds saw $981 million in outflows.
Dado Ruvic, Lipper
Reuters, Investments, REUTERS, U.S
Europe, China, China’s Xinjiang, Beijing, outflows