SPWO is trading approximately 3.1% higher at $32.70 today as a global risk-on rebound sparks a rally in international growth and technology shares.

  • The upward move follows a retreat in oil prices and easing tensions in the Middle East, which have significantly improved investor sentiment toward non-U.S. equity markets.
  • As a foreign large growth ETF focused on Sharia-compliant equities, SPWO is benefiting from broad exposure to recovering Asian and international growth sectors.