ISDE.L is trading down about 3.4% to $31.18 as investors reduce exposure to emerging markets following newly announced U.S. tariffs on major trading partners.
- The move follows a broader risk-off shift in EM stocks and currencies amid heightened concerns regarding global growth and inflation.
- Geopolitical tensions in the Middle East are reinforcing caution toward export-oriented markets, weighing on the Shariah-compliant equities tracked by the ETF.