UMMA is trading 3.33% higher at $35.83 in pre-market action, tracking a broader recovery in foreign large-cap growth benchmarks as global risk appetite improves.

  • The move follows an 8% rebound in the prior session, bolstered by the Federal Reserve holding interest rates steady.
  • Asian markets rebounded from a semiconductor-led selloff overnight, providing support for non-U.S. growth equities.
  • Higher index futures continue to drive a recovery in the foreign large-cap growth benchmarks that UMMA tracks.