SPYG is trading 1.5% down today as its heavy information technology exposure is hit by a broader tech selloff and rising geopolitical tensions.
- Investors are rotating out of high-growth and AI-linked names following military escalation between the U.S. and Iran.
- A spike in oil prices and weakening risk appetite are weighing on growth-oriented shares, which make up about 40% of the ETF.
- Major indices are trending lower as the shift away from the technology sector drags the fund down.