Assets flowed out of ETFs in May, the first time flows have reversed direction since August 2010, according to State Street Global Advisors, which just released its latest Snapshot report tracking ETF funds.

Flows into U.S. Bond ETFs grew with the Barclays U.S. Treasury Index shooting up 1.6% and the Barclays U.S. Aggregate Index rising 1.3%. The S&P 500 Index fell 1.1%, while the MSCI EAFE Index dropped 2.8%. Investors pulled money out of the S&P GSCI Index even though Gold remained flat.

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