According to Refinitiv Lipper, money market funds garnered a net $51.4 billion in their biggest weekly purchase since Oct. 27.

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

The MSCI world equity index dropped to a 13-month low this week, hit by fears over aggressive U.S. Federal Reserve tightening and its impact on global growth. Global equity funds witnessed withdrawal worth $12.42 billion, which marked a third weekly net selling in a row. The U.S. and European equity funds had outflows of $10.55 billion and $3.52 billion, respectively. However, Asian funds drew $1.43 billion in net buying.

By sector, financials, consumer discretionary and tech lost $2.51 billion, $0.94 billion and $0.63 billion, respectively, in net selling, while consumer staples gained $1.18 billion in net buying.

Graphic: Fund flows- Global equity sector funds -

Global bond funds had a fourth weekly outflow in a row, amounting to a net $9.72 billion.

Global high yield funds lost $2.1 billion, and short- and medium-term bond funds forgo $4.08 billion in a 16th consecutive week of outflows. However, government bond funds obtained net inflows of $1.15 billion.

Graphic: Global bond fund flows in the week ended April 27 - https://fingfx.thomsonreuters.com/gfx/mkt/egpbkelxkvq/Global%20bond%20fund%20flows%20in%20the%20week%20ended%20April%2027.jpg

Commodities funds' data showed precious metal funds had their first weekly outflow in 15 weeks, worth $436 million, while selling continued in energy funds for a sixth week, valuing $64 million. An analysis of 24,273 emerging market funds showed weekly net selling in both equity and bond funds surged to at least a six-week high of $1.97 billion and $2.5 billion, respectively.

Graphic: Fund flows: EM equities and bonds -

(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Krishna Chandra Eluri)