SPMO is trading 1.5% up today as its information technology-heavy portfolio rides a sector rebound, with tech leading broader market strength and the NASDAQ outperforming major indices.
- Investors are rotating back into large-cap growth and AI infrastructure names, looking past recent central bank concerns regarding AI valuations and debt risks.
- The fund's heavy concentration in the information technology sector is driving outperformance as the sector leads the broader market rally.