FGRD.L is trading approximately 3% higher today as global equity markets rally amid a shift toward positive risk sentiment and strong performance in technology-related assets.
- The upward move is supported by reduced immediate geopolitical concerns regarding Iran, which has encouraged a broader recovery in growth-oriented sectors.
- Supportive macroeconomic data is providing a tailwind for infrastructure and smart grid names tied to clean-energy themes.
- The ETF, which tracks the Nasdaq OMX Clean Edge Smart Grid Infrastructure index, is benefiting from the wider market appetite for risk-on assets.