IWMO.L is trading 2.7% higher today, reversing its recent pullback as global growth and tech-related momentum stocks lead a broad market recovery.
- The rally is supported by a jump of over 2% in Nasdaq-100 futures, driven by renewed optimism surrounding AI demand.
- Broader equity indices are trading higher as investors position themselves ahead of key US macroeconomic data releases.
- The ETF tracks the MSCI World Momentum Factor index, which is currently benefiting from a rotation back into high-growth and technology sectors.