🔴 ISDE.L is trading 3.1% down today as it reverses Thursday's emerging markets rebound

ISDE.L is trading at $38.09, down 3.1% today, as the fund gives back a portion of Thursday’s risk-on gains amid fragile sentiment across emerging markets.

• The move follows a volatile week for the ETF, which tracks the MSCI Emerging Markets Islamic index, including a 2.7% jump on June 25 and a sharp 6.7% drop on June 23.
• Broader market sentiment remains under pressure following a recent tech-led selloff and continued rotation and volatility across global equity markets.
• There is no ETF-specific news driving the decline, suggesting the price action is a result of broader macroeconomic trends and market positioning.