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The Financial & Risk business of Thomson Reuters is now Refinitiv
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Bob Jenkins, global head of Lipper research at Thomson Reuters, was recently featured in a CNBC Interview talking about the immediate impact of macro events to fund flows. With funds increasingly being used in managed/fee-based account products, flows are very reactive to headline and macro events. And this is evidenced by Bernake’s “tapering” comments in late May that reversed the positive flows out of both stock and bond funds and hammered the more interest rate sensitive securities (like high yield and EMD) even more.