🟢 Foreign Large Growth ETF (UMMA) is trading 3% up in pre-market on European record highs

UMMA is trading at $38.20, up +3.03%, as European equities reached record highs.

• Reports of a potential Iran-Oman agreement supported risk appetite and expectations for Strait of Hormuz reopening.
• The move contrasted with weaker U.S. technology futures after AI-spending concerns pressured chip stocks.
• UMMA’s foreign-market exposure likely benefited from stronger European trading and geopolitical-risk relief; its technology allocation adds sensitivity to semiconductor sentiment, but no single dominant holding explains the full gain.