Equity and bond mandates accounted for most of the activity during the month.

Actively managed exchange-traded funds (ETFs) continued to expand in May, according to a latest report by ETFGI, an independent research and consultancy firm providing research and consulting services on global ETF trends. Global assets reached a record US$2.49 trillion at the end of the month The report highlighted that global assets reached a record US$2.49 trillion at the end of the month, surpassing the previous high of US$2.33 trillion in April. Assets increased 28.8% year-to-date (YTD