Investors poured cash into global money market funds in the week ending January 8, driven by concerns over potential tariff hikes amid the upcoming administration change in the United States, Yahoo reports.

Caution ahead of a critical jobs report, which could influence Federal Reserve interest rate expectations, also played a role.

According to LSEG Lipper data, investors injected $158.73 billion into global money market funds—the second-largest weekly net inflow since April 2020.

U.S. President-elect Donald Trump, who takes office on January 20, has promised to impose a 10% tariff on all global imports into the U.S. He has also threatened to introduce 25% tariffs on imports from Canada and Mexico on his first day in office.

Global equity funds attracted net inflows for the third consecutive week, totaling $11.36 billion.

European equity funds received net inflows of $8.7 billion—the highest weekly figure in three weeks. Investors also added $5.6 billion net to Asian equity funds but withdrew a net $5.05 billion from U.S. equity funds during the same period.

Global sector-focused equity funds saw their first weekly inflow in five weeks, pulling in $526.24 million.

The technology sector received $1.13 billion after five straight weeks of net outflows, while the communication services sector saw net inflows of $413 million.

Global bond funds also showed notable activity, gaining $19.5 billion, marking their second inflow in the past four weeks. Government bond funds attracted $1.94 billion, their second inflow in six weeks, and loan participation funds secured inflows of $2.24 billion.

Meanwhile, commodity funds faced outflows for the second consecutive week, as investors withdrew $293 million from gold and precious metal funds, locking in profits after significant net purchases totaling $14.32 billion throughout 2024.