🔴 Smart Grid Infrastructure ETF (FGRD.L) is trading 3.2% down as renewed AI weakness pressures markets

FGRD.L is trading 3.2% down as renewed AI-sector weakness pressures global technology and industrial infrastructure shares.

• European technology stocks were pressured after leading AI executives called for slower development.
• Another oil-price surge raised energy costs and reduced broader risk appetite.
• Largest holdings include Schneider Electric, Eaton, Johnson Controls, ABB and Quanta Services, making the ETF sensitive to industrial-growth and risk-sentiment reversals.