Global money market funds saw huge inflows in the week to Oct. 6, as investors favored safety amid concerns over higher inflation, supply shortages, and distress in the China property sector. 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 …