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From Precy Dumlao, Opalesque Asia:

Bonds ETFs were amongst the most popular funds in May as the stock market took a plunge on signs that the global economic recovery is losing stream. Among bond funds, the iShares Barclays 20+ Year Treasury Bond Fund was the third most popular fund, hauling in $849.5m in new money.

In a fund flows report, the iShares Barclays 1-3 Year Treasury Bond Fund gathered $252.9m on Friday, the iShares Barclays TIPS Bond Fund added $220m in new money and the iShares Barclays 1-3 Credit Bond Fund attracted $178.3m, as investors turned more cautious in a week of sharp declines in stocks.

The WisdomTree Dreyfus Brazilian Real Fund more than doubled its asset size by $233m to end May with more than $400m.

Also on Friday, U.S. fixed income generated $633.8m in new money but the U.S. equities recorded redemptions amounting to $692m. Data from IndexUniverse showed that assets of U.S.-listed exchange-traded products declined to $1.095tln from $1.097tln last week.

The decline in stock markets also contributed to the fall in assets as the Dow Jones industrial average fell 41.59 points to 12,248.55, a day after losing 279.65 points, or 2.2%. Weak economic data arising from lower factory orders in April and the rising number of unemployed have been a major concern among investors, pulling the stock markets down.

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