SP Funds S&P World (ex-US) ETF (SPWO) is trading 3.1% higher today as easing geopolitical tensions and a decline in energy prices drive a broad rally in global growth assets.
- The ETF is moving in line with a wider risk-on shift in U.S. indices, specifically the NASDAQ, which has boosted demand for growth-oriented equities.
- Easing geopolitical concerns and lower oil and gas prices are supporting non-U.S. developed markets, providing a significant lift to this foreign large-growth fund.