HLAL is trading 5.5% higher in pre-market as part of a broader risk-on move in U.S. equities driven by easing energy prices and diminishing inflation fears.
- Investors are responding positively to supportive global cues and optimism regarding a potential shipping deal in the Strait of Hormuz.
- The rally follows record highs in major indices, which favors the fund's diversified, large-cap exposure.