Oct 7 Reuters Global money market funds attracted large inflows in the week to Oct. 2 as investor caution ahead of a key U.S. payrolls report and heightened geopolitical tensions in the Middle East boosted demand for safer assets.

Investors bought money market funds worth a net 23.21 billion during the week, following a massive 98.19 billion worth of net purchase in the prior week, LSEG Lipper data showed.

A strongerthanexpected September nonfarm payrolls report on Friday, however, eased worries about the health of the U.S. labour market and pared back market bets of a larger Fed rate cut in November.

The U.S. money market funds drew a significant 41.32 billion worth of inflows in the week to Oct.2, following 113.11 billion worth of net purchases a week ago.

European and Asian funds, however, witnessed outflows of 8.91 billion and 8.81 billion, respectively.

Global equity funds attracted about 33.89 billion worth of inflows during the week in contrast to net sales of 13.85 billion in the previous week.

Investors racked up about 5.31 billion worth of China equity funds, registering the largest weekly net purchase since at least Dec. 2020, driven by Beijing39;s aggressive stimulus measures.

Sectoral equity funds, though, remained out of favour for a fifth successive week with about 394 million worth of outflows. Healthcare and financials sector funds experienced a notable 823 million and 728 million worth of net sales.

Global bond funds lured inflows for the 41st…