🔴 IUIT.L is trading 3.0% down today as rising-rate expectations ahead of PCE data pressure tech shares

IUIT.L is trading down 3.0% at $49.27 as rising-rate expectations ahead of Thursday’s PCE inflation report pressure high-duration growth stocks.

• The decline tracks a broader pullback in U.S. technology shares, with futures pointing lower as markets brace for key inflation data.
• High-duration assets, particularly semiconductors which make up a large share of this ETF, are facing significant pressure from the shift in interest rate sentiment.
• The current price of $49.27 compares to a prior close of $50.81.