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Geopolitical uncertainty, as well as growing skepticism over President Trump’s reflation story, is not something risk markets like. Inversely, bond markets do.
For the second week in April, bond funds with geographically diverse and investment grade mandates fared best, while those focused on Europe continue to lose money.
Tech, commodities funds are the biggest winners in first quarter of 2017 in terms of positive flows; 2016 winners, beneficiaries of Trump reflation story, stumble.
