Tema Space Innovators ETF is trading 5% down today as industrials-heavy, high-beta names come under pressure alongside weaker U.S. futures and global risk-off sentiment.
- Overnight caution ahead of key U.S. CPI data and softer commodities are driving a pullback in cyclical and industrials names, weighing on the fund's space exposure.
- The move extends a recent reversal for the ETF following a sharp rebound in the prior week, as geopolitical tensions further dampen investor appetite for high-beta assets.