JEDI is trading 3.7% up in pre-market as its significant industrials exposure gains momentum from a sector-wide recovery.

  • The fund's 57.5% industrials weighting is benefiting from a sharp sector rebound following a period of recent underperformance.
  • Sentiment is being bolstered by defense-related optimism, highlighted by DEUTZ’s €1.6B acquisition of FFG to create a European military vehicle powerhouse.
  • While broader market futures are only modestly positive, JEDI's move is being driven specifically by renewed demand for defense-linked and industrial plays.