iShares MSCI ACWI ETF is trading 3.5% higher today as global equities rally following a tentative U.S.–Iran peace agreement and the announced reopening of the Strait of Hormuz.
- Lower oil prices and reduced geopolitical risk are boosting risk appetite worldwide, with S&P 500 and Nasdaq futures showing strong gains.
- Given the fund's heavy weighting in global large-cap technology and other growth sectors, it is moving higher in line with the broad, risk-on market move.