VVMX.DE is trading at €11.35 (-3.03%) following sector-level weakness in rare-earth and strategic-metals equities, which are highly sensitive to shifting risk appetite and commodity volatility.
- The ETF tracks the MVIS Global Rare Earth/Strategic Metals Index, meaning weakness in the underlying basket of strategic assets passes through quickly to the fund's price.
- Broader markets are under pressure as investors rotate away from growth risk, evidenced by a 1.15% drop in the Nasdaq Composite amid a global semiconductor selloff.