MGK is trading 1.5% down today as its information technology-heavy portfolio tracks a broad pullback in tech and semiconductor shares.
- TSMC’s record earnings and massive capex plans have sparked concerns about AI infrastructure valuations, while hawkish Fed commentary has renewed interest rate worries.
- Geopolitical tensions surrounding the U.S.-Iran conflict are further dampening global risk appetite, weighing on the growth and AI-related stocks that dominate the fund's holdings.