European and Asian equity funds saw strong inflows, with European funds receiving $17.53 billion and Asian funds drawing in $6.28 billion. Global equity funds had $25.54 billion in inflows, while U.S. equity funds experienced $1.42 billion in outflows. The Nasdaq fell 2.03% on concerns over AI technology disruptions.

Global bond funds saw $21.09 billion in inflows, with short-term bond funds receiving $4.87 billion. Corporate and euro-denominated bond funds also attracted $2.63 billion and $2.06 billion, respectively. Money market fund inflows decreased to $1.15 billion. Gold and precious metal funds had their 13th weekly inflow, but at $1.25 billion, it was the lowest in five weeks.

In emerging markets, equity funds received $8.52 billion in inflows for the eighth consecutive week. Bond funds in emerging markets saw $1.29 billion in inflows. Overall, investors seem to be shifting away from U.S. mega-cap stocks towards European and Asian equities.

Read more at Yahoo Finance: Europe, Asia lead equity fund inflows as US records weekly outflow