SP Funds S&P World ETF is trading 3.4% higher as global risk appetite rebounds following the previous session's CPI-driven risk-off trade and Middle East-related selloff.
- The recovery is driven by broad gains across U.S. and global equity indices, which are lifting foreign large-growth holdings alongside a rebound in growth assets.
- Market sentiment has improved due to easing geopolitical fears and significant dip-buying activity following the June 10 drawdown.
- The move appears to be fueled by macro-economic factors and stronger futures rather than any fund-specific news.