🔴 FGRD.L is trading 3.4% down today as U.S. tariffs hit infrastructure and energy assets

FGRD.L is trading about 3.4% lower versus the last close, diverging from largely flat-to-slightly-positive broad equity indices.

• New U.S. tariffs on major partners are pressuring infrastructure and utilities exposed to Europe and global trade.
• Sentiment remains cautious toward grid, power, and energy-transition assets following recent selloffs in tech and capital-intensive sectors.
• The ETF, which tracks the Nasdaq Clean Edge Smart Grid Infrastructure index, is underperforming the broader market due to these sector-specific and regional risks.