(Reuters) - Investment flows into global equity funds jumped to the highest in three weeks in the week ended June 16, as investors shrugged off inflation worries and focused on the improving global economic outlook. Global equity funds received a net $10.3 billion in the week ended June 16, compared with about $13 billion outflows in the previous week, data from Refinitiv Lipper showed. European equity funds led inflows, luring $8.6 billion, while U.S. equity funds and Asian equity funds had net purchases worth $0.4 billion and $1.2 billion, respectively. (Graphic: Fund flows into global equities bonds and money markets - ) Global equities hit fresh peaks earlier this week on investor bets that higher inflation levels are transitory, and on optimism about broadening economic recovery from the pandemic. However, the MSCI world equity index has dropped since Wednesday, as U.S. Federal Reserve officials projected interest rate hikes sooner than expected. The Lipper data showed global bond funds had a net buying of $9 billion in the week ended June 16, although the inflows were the smallest in three weeks. Global high-yield bonds witnessed net selling of $1.43 billion, the biggest in four weeks. However, inflation-linked bonds continued to lure money flows for the seventh successive week. (Graphic: Global fund flows into equity sectors - ) Meanwhile, global money market funds faced outflows worth $56.6 billion, the highest since December 2020. Among commodity funds, precious metal funds had some meagre inflows, while energy funds continued to witness outflows for the third consecutive week. Gold was set to register its worst week in almost nine months, shedding about 4.5% so far, jolted by a rise in U.S. Treasury yields since the Fed’s hawkish tilt on Wednesday. (Graphic: Global bond funds flows in the week ended June 16 - ) An analysis of 23,712 emerging-market funds showed bond funds had inflows worth $1.27 billion after marginal outflows in the previous week, while equity funds attracted $184 million, the third straight week of inflows. (Graphic: Fund flows into EM equities and bonds - )