May 2 (Reuters) - European equity funds attracted the largest weekly inflow in over a year in the week ending April 30, while U.S. funds saw outflows for a third straight week on continued uncertainty around the impact of tariffs on global economic growth. Investors bought a net $14.64 billion worth of European equity funds, the most in any week since mid-March 2024, data from LSEG Lipper showed, while investments into Asian funds totalled $6.68 billion. A net $15.56 billion was divested from U.S. funds. Data from the U.S. this week showed that the economy contracted by 0.3% in the first quarter, swamped by a flood of imports as businesses raced to avoid higher tariffs. There were outflows from sectoral funds for a fifth consecutive week, totalling $166 million. The gold and precious metals sectoral funds saw $759 million in outflows while investors divested a net $374 million from metals and mining sector funds. At the same time, investors pumped $4.73 billion into global bond funds, extending net purchases into a second successive week. Global high-yield bond funds saw a net $3.58 billion in inflows, after five straight weeks of net selling. Global short-term bond funds witnessed net purchases of $1.56 billion. But global money market funds saw net sales of $26.06 billion after witnessing about $15.26 billion worth of net inflows during the previous week. Gold and precious metals commodity funds registered their first weekly net sales in 12 weeks, with investors pulling out a marginal $4.4 million. Data covering 29,589 emerging market funds showed that equity funds drew in their first weekly inflows in five weeks, of $892 million. Investors also poured a net of $690 million into emerging market bond funds. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Fund flows: Global equities, bonds and money markets https://tmsnrt.rs/3Jt3wjr Fund flows: Global equity sectors https://tmsnrt.rs/3J5InKT Weekly flows into global bond funds https://tmsnrt.rs/44OuJ93 Fund flows: EM equities and bonds https://tmsnrt.rs/3ysJzD6 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Rachna Uppal) ((gaurav.dogra@thomsonreuters.com; +91(080) 67496197;)) Keywords: GLOBAL MARKETS/FLOWS (GRAPHIC)
