According to data from Lipper, investors purchased a net $13.95 billion in global money market funds in the week, compared with net selling of $21.85 billion in the previous week.
Oil prices touched multi-year highs this week, stoking concerns that inflation levels will rise further, which could prompt major central banks to hike interest rates earlier than expected.
Global equity funds attracted a net $6.4 billion worth of inflows, with Asia accounting for a major share of the purchases. Asian equity funds obtained $4.03 billion, while U.S. and European equity funds secured $2.85 billion and $1.2 billion respectively.
Japanese equity funds received a net $3.22 billion, the biggest weekly inflow since September 2020.
Among sector funds, financials and technology funds received a net $959 million and $780 million respectively, each marking a second straight weekly inflow, while health care funds saw outflows of $1.75 billion.
Global bond funds received inflows of $3.78 billion, down 43 percent from the previous week.
But global inflation protected funds secured $1.82 billion, the biggest since end July, though corporate bond funds faced an outflow of $1.54 billion.
Among commodity funds, energy funds saw outflows of $275 million after small inflows in the previous week, while precious metals funds faced outflows of a net $188 million.
An analysis of 23,831 emerging market funds showed equity funds received their first weekly inflow in three weeks, worth a net $1.46 billion, while bond funds faced their third straight weekly outflow of $1.62 billion.