May wasn’t kind to ETF investors this month. Outside of commodities or utilities, all other assets classes, industry groups and global regions were down. 

The Capital Spectator adds:

"On the opposite end of the performance spectrum is the sharp loss
for emerging markets stocks, which retreated by 12.6% this month
through yesterday, measured here by the iShares MSCI Emerging Markets
ETF. But even that deep cut has yet to knock the asset class from its
perch as the best performer over the past year. Emerging markets
equities may be suffering these days, but in the race over the past 12
months they’re still far and away the top dog."

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