FGRD.L is trading at £4294.50, down 3.07%, as risk-off sentiment after reports of damaged tankers near the Strait of Hormuz and a sharp oil-price rise weighed on global shares.
- Technology and infrastructure-linked stocks faced pressure as investors questioned returns on heavy AI spending; the Nasdaq led market declines.
- The fund’s largest holdings are concentrated in grid and electrical-equipment companies, leaving it exposed to weaker risk appetite.