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Global money market funds received a net inflow of $69.16 billion, the biggest since April last year, data from Refinitiv Lipper showed.
Global equity funds, on the other hand, recorded net outflows of $15.3 billion on concerns over the speed of a recent price rally and caution ahead of earnings results by some top firms.
Fund flows into global equities bonds and money markets https://fingfx.thomsonreuters.com/gfx/mkt/ygdpzlxmxpw/Fund%20flows%20into%20global%20equities%20bonds%20and%20money%20markets.jpg
Outflows from U.S equity funds totalled $22.2 billion. Asian equity funds had a small inflow of $0.76 billion, although Japan and India saw outflows of $1.2 billion and $296 million respectively on concerns over local spikes in coronavirus cases.
European equity funds recorded an inflow of $11.17 billion, bolstered by strong corporate earnings and optimism about an economic recovery from the COVID-19 pandemic.
Global fund flows into equity sectors https://fingfx.thomsonreuters.com/gfx/mkt/azgvoxoawpd/Global%20fund%20flows%20into%20equity%20sectors.jpg
Meanwhile, global bond funds saw their smallest inflow in four weeks at $10.3 billion.
Global bond funds’ flows in the week ended April 28 https://fingfx.thomsonreuters.com/gfx/mkt/xlbpgekjopq/Global%20bond%20funds%20flows%20in%20the%20week%20ended%20April%2028.jpg
In commodities, precious metal funds posted their first net inflow in 12 weeks, of $1 million, while energy funds saw a second straight week of outflows.
Fund flows into EM equities and bonds https://fingfx.thomsonreuters.com/gfx/mkt/oakpewbezpr/Fund%20flows%20into%20EM%20equities%20and%20bonds.jpg
An analysis of 23,873 emerging-market funds showed equity funds pulled in a net $657 million, notably higher than the $25 million in the previous week, while bond funds suffered $181 million in outflows.
