PWB is trading 1.6% up today as a broad information technology-led rally and easing inflation fears boost risk appetite for growth-oriented assets.
- Easing inflation from sharply lower oil prices and strong manufacturing data are driving gains in high-duration growth names.
- Ongoing AI enthusiasm and mega-cap strength, reinforced by Microsoft and Amazon earnings, are lifting the tech sector which makes up over half of the fund's holdings.
- Broad market sentiment remains positive with the Nasdaq climbing over 2% amid CHIPS Act support for semiconductors.