By David Yong and Shiyin Chen July 17 (Bloomberg) -- Global bond funds posted a 14th week of inflows on concern earnings reports will limit stock gains and energy sector funds drew more money as oil prices rebounded, according to EPFR Global. U.S. bond funds, including inflation-protected debt, recorded $33 billion of net inflows in the year ended July 15, the Cambridge, Massachusetts-based research company that tracks $10 trillion of assets. Emerging-market debt funds completed their longest streak of inflows since February 2007. “Inflation concerns continued to show up in the flows data as the strongest inflows were recorded by short-term bond funds, inflation-protected bond funds,” the company said in an e-mail statement. “Fixed-income funds continued to shine” as funds braced for second-quarter U.S. corporate earnings, it added. Crude oil for August delivery climbed to $61.54 a barrel on July 15 after reaching a two-month low of $58.32 a day earlier, according to data compiled by Bloomberg. Energy funds gained $603 million of new money during that week, led by gains exchange-traded funds in the sector, EPFR said. Japanese stock funds also received net inflows for a third week, the longest winning streak since the third quarter of 2008, it said. Among emerging-market stock funds, those investing in Asia excluding Japan saw net weekly inflows. Global emerging market, Latin America as well as Europe, Middle East and Africa funds recorded outflows, EPFR said. To contact the reporter on this story: David Yong in Singapore at dyong@bloomberg.net; Shiyin Chen in Singapore at schen37@bloomberg.net.

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