HLAL is trading 1.6% higher as its nearly 50% information technology exposure benefits from a broad sector rebound in tech and AI-related stocks.

  • Large-cap growth names are recovering after last week’s pullback, which was driven by valuation concerns and geopolitical tensions.
  • With major indices like the Nasdaq Composite and S&P 500 up strongly, the fund is moving in line with a broad risk-on shift back into growth and AI themes.
  • The upward move comes despite lingering systemic risk warnings regarding aggressive AI spending across the sector.