UMMA is trading 3.3% down today as foreign large-cap growth and global equities react to renewed tensions involving Iran and shipping security in the Strait of Hormuz.
- The fund, which tracks the Dow Jones Islamic Market International Titans 100 Index, is facing pressure from risk-off positioning across international markets.
- While broader U.S. indices remain mixed, heightened geopolitical risks are weighing more heavily on this foreign large-growth exposure.