The Cyprus crisis seems to have the entire world gasping, including among equity muutal fund investors.

Equity mutual fund flows were at their lowest they've been all year the week ended March 20.

U.S. equity mutual funds saw only $1.37 billion in inflows that week. Investors showed favor to domestic mutual funds, injecting $1.59 billion, while redeeming $220 million from nondomestic funds, Reports Jeff Tjornehoj of Lipper,

Equity ETFs also lost investors, saying goodbye to $1.57 billion in redemptions from primarily nondomestic products. Domestic ETFs broken even with "essentially zero" net flows, Tjornehoj said.

Meanwhile, taxable bond mutual funds seem to have it solid with $4.28 billion in inflows for the week, their second best of the year.

Funds in Lipper's Loan Participation Funds category also felt the love, raking in $1.41 billion for their best week ever.

But municipal bond funds and money market funds continued to be shunned. Municipal bond funds suffered its third week of outflows with $240 million in withdrawals. Money market funds also said goodbye to $25.5 billion, perhaps due to institutional investor activity related to quarterly tax filings.

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