IVLU.XA is trading down about 6% at $41.48 as robust U.S. job openings data reinforces expectations of tighter monetary policy, pressuring global value and cyclical sectors.
- The fund fell from $44.13, lagging behind growth-oriented sectors currently buoyed by AI-driven optimism and stronger manufacturing PMI data from China.
- Expectations of a more restrictive interest rate environment continue to weigh on value-focused exposures outside of Australia, leaving the sector trailing broader growth trends.