🔴 IEM.AX is trading 4.1% down today amid a global rotation out of growth and tech assets

IEM.AX is trading down 4.1% at $97.16 as investors pivot away from the growth and tech-linked assets that dominate emerging-markets earnings.

• The ETF, which tracks the MSCI Emerging Markets Index, fell sharply from $101.26 on June 25 to $97.16 on June 26.
• The sell-off is driven by a broad reassessment of AI-related costs and heightened macroeconomic uncertainty, pressuring the MSCI EM and its linked instruments.
• This move reflects a significant global rotation out of high-growth sectors that have previously led market performance.