Reuters reports that global equity funds lured fewer inflows in the week to Sept. 8 as investors turned cautious due to uncertainty over the pace of economic recovery and shied away from riskier assets.

Investors purchased a net $8.54 billion in global equity funds in the week, a 54% drop compared with the net buying in the previous week.

European equity funds attracted an inflow of 9.17 billion, while U.S. and Asian equity funds had outflows.

Meanwhile, global money market funds secured a net $22.17 billion, after seeing two weeks of outflows, underscoring the risk-off sentiment during the week.

Global bond funds saw inflows for a seventh straight week, obtaining $11.73 billion.

Global inflation-protected bond funds lured a net $1.4 billion, the largest in five weeks.