AIPO is trading 3.2% down today as its industrials-heavy portfolio tracks a broader risk-off move in economically sensitive sectors.
- Weakness in manufacturing, transportation, and defense names tied to growth and rate worries is dragging performance.
- With industrials comprising 56.4% of the ETF, the fund is highly sensitive to volatility in manufacturing and defense sectors.
- Gains in information technology and utilities exposure have only partially offset the broader decline.