🔴 IWMO.L is trading 3.2% down today as investors de-risk ahead of U.S. PCE data

IWMO.L is trading down 3.2% at $120.56 as global momentum and growth stocks face broad selling pressure ahead of key U.S. inflation data.

• The decline tracks a sharp drop in S&P 500 and Nasdaq futures, reflecting a wider risk-off sentiment across international markets.
• Investors are actively de-risking portfolios in anticipation of Thursday’s U.S. PCE inflation report, which is expected to influence future interest rate trajectories.
• The move is driven by macroeconomic factors rather than fund-specific news, impacting the ETF's portfolio of high-momentum large-cap equities.