UMMA is trading 3.3% up today as global risk appetite improves following cooling U.S. inflation data and a constructive Federal Reserve stance on interest rates.
- Strong earnings from big-tech leaders like Microsoft and Amazon are fueling a rally in foreign large-cap growth and tech benchmarks.
- Higher index futures and Nasdaq strength are boosting demand for global growth exposure, lifting UMMA’s tech-linked Islamic holdings in tandem with the broader risk-on tone.