ISDE.L is trading about 3.1% lower as risk assets in developing markets face pressure from newly announced U.S. tariffs on major trading partners and heightened geopolitical tensions.
- New U.S. tariffs targeting China and India are weighing heavily on export-driven emerging market stocks and trade-exposed Islamic-compliant holdings.
- Lingering geopolitical friction around Middle East shipping routes continues to impact investor sentiment across the EM landscape.
- The decline reflects broader risk-off sentiment toward emerging markets rather than fund-specific news, even as U.S. indices receive a modest lift from falling oil prices.