WARP is trading 3.7% down today as hawkish commentary from Federal Reserve officials fuels higher-for-longer interest rate fears, weighing on growth-sensitive sectors.
- Investors are shifting to a risk-off stance, impacting long-duration, innovation-focused themes like commercial space and related technology.
- The downturn is hitting space-related industrials and communications particularly hard, which are core exposures in the fund's portfolio.