(Reuters) – Global equity funds faced a third consecutive week of outflows in the week to July 12 on concerns over the prospect of further interest rate hikes from the bank power and health of economies around the world.

According to Refinitiv Lipper, investors sold $4.33 billion worth of global equity funds in a third straight week of net selling.

GRAPH: Fund Flows: Global Stocks, Bonds and Money Market – https://fingfx.thomsonreuters.com/gfx/mkt/lbvgnelljpq/Fund%20flows-%20Global%20equities%20bonds%20and%20money%20market.jpg

Data released this week showed U.S. consumer prices accelerating faster than economists had expected, with the CPI jumping 9.1% in the 12 months to June, bolstering sentiment. arguments for larger Fed rate hikes.

European and US equity funds saw outflows worth $4.04 billion and $1.41 billion respectively, but Asian funds saw inflows of $0.6 billion.

Data from sector funds showed consumer discretionary, metals & mining and industrials suffered outflows of $846m, $494m and $419m respectively, but utilities attracted $519m. dollars in a second straight week of inflows.

CHART: Fund Flows: Global Equity Sector Funds – https://fingfx.thomsonreuters.com/gfx/mkt/egpbkxooqvq/Fund%20flows-%20Global%20equity%20sector%20funds.jpg

Global equity funds post third weekly outing on slowdown fears 11

Meanwhile, safer money market funds racked up inflows for a second consecutive week, attracting $5.15 billion.

Global bond funds reported weekly net sales worth $3.1 billion, after receiving a marginal inflow of $385 million the previous week.

Global government bond funds remained in demand for a 10th consecutive week, with net purchases of $1.47 billion, but short-to-mid-term and high-yield funds faced drawdowns. worth $3.05 billion and $1.83 billion respectively.

GRAPH: Global Bond Fund Flows Week Ended July 13 – https://fingfx.thomsonreuters.com/gfx/mkt/dwvkrbzzypm/Global%20bond%20fund%20flows%20in%20the%20week%20ended%20July %2013.jpg

Global equity funds post third weekly outing on slowdown fears 12

Among commodities funds, investors unloaded precious metals funds worth $2.18 billion, marking a second consecutive week of net selling, while energy funds saw marginal inflows, worth $31 million, after six weeks of consecutive releases.

An analysis of 24,310 emerging market funds showed equity funds attracted $531 million, with net buying continuing for a fourth week, but bond funds saw outflows of $1.9 billion.

GRAPH: Fund Flows: Emerging Markets Stocks and Bonds – https://fingfx.thomsonreuters.com/gfx/mkt/klpykynnjpg/Fund%20flows-%20EM%20equities%20and%20bonds.jpg

Global equity funds see third weekly outing on slowdown fears 13

(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bangalore; Editing by Emelia Sithole-Matarise)