🔴 SP Funds S&P Global REIT Sharia ETF is trading 4.1% down today as rising yields and rate expectations pressure real estate

SP Funds S&P Global REIT Sharia ETF is trading at $20.74 (-4.06%) as the real estate sector faces pressure from rising Treasury yields and shifting interest rate expectations.

• Pre-market risk appetite remains mixed, with rate-sensitive defensive groups lagging despite gains in tech futures.
• The move appears driven by sector-wide macro sensitivity rather than company-specific catalysts, with the ongoing Fed meeting keeping the focus on the interest-rate path.
• Falling Brent crude prices also contribute to the broader market focus on inflation trends.