Investors poured about $57.38 billion into global money market funds in their most significant weekly net purchases since June 7, LSEG data showed.
Investors favoured safer assets on worries that a slowdown in China and Europe would weigh down global growth.
Data from the euro area and Britain showed activity in the services industries contracted in August. Meanwhile, a private-sector survey showed that China saw services activities expanding at the slowest pace in eight months in August.
By region, U.S., European and Asian money market funds drew $32.18 billion, 20.75 billion and $1.64 billion, respectively, in inflows.
Meanwhile, withdrawals from global equity funds eased as investors pulled out a net $2.45 billion, the smallest amount in five weeks.
Investors withdrew $463 million from communication services sector funds, while metals & mining, healthcare and consumer staples saw outflows of about $300 million each.
On the other hand, global bond funds drew $9.24 billion worth of inflows, the biggest amount in nine weeks.
Among commodities, precious metal funds saw $518 million worth of net selling, the 15th weekly outflow in a row, but energy funds received inflows for a second week, worth about $101 million.
Data for 28,201 emerging market funds showed equities suffered outflows for a fourth successive week, valuing $1.81 billion on a net basis. Investors also pulled out about $271 million from bond funds.
Source: Economy - investing.com
