According to the latest EPFR Global statistics, all tracked equity funds took in $4.7bn in the week to 29 February, while bond funds saw inflows in excess of $5bn.
Year-to-date, bond funds have now absorbed $48.8bn, compared to $15.5bn in the same period last year.
Meanwhile, equity funds have seen far less interest than last year, with $24bn of inflows, versus $40.2bn by the equivalent point in 2011.
Money market funds, which were in favour in the latter half of last year, posted redemptions of $24bn in the past week, as investors looked to up their risk exposure.
At the other end of the spectrum, high yield bond funds saw $22bn in inflows and derivatives funds had their best week in over three years.
Regionally, investors opted for diversified exposure in the final week of February, with global emerging market equity funds witnessing inflows over $1bn for the seventh time in nine weeks.
Meanwhile, Latin America equity funds saw a six-week inflow streak snapped as concerns over inflation and threats from Brazil regarding capital controls offset renewed enthusiasm for Mexico.
In developed market equity funds, investors favoured Japan and the US, pouring over $3bn into the latter and breaking an 11 week outflow trend for the former.
But German and UK equity funds both saw outflows during the week as high eurozone unemployment, rising oil prices and austerity measures "sapped hopes that the region can avoid another recession", said EPFR Global.
