IWMO.L is trading up 3% as global momentum stocks, particularly in the technology sector, rebound from recent weakness. - The fund tracks the MSCI World Momentum Index, providing heavy exposure to large-cap growth and technology names across developed markets. - Positive sentiment in U.S. equity futures and the Nasdaq-100 is driving demand for momentum-heavy holdings following a recent pullback. - This recovery occurs despite escalating geopolitical tensions in the Middle East and rising oil prices overnight, which had previously weighed on growth stocks.