FGRD.L is trading 3.41% higher amid renewed interest in AI-related electricity demand and grid modernization, although evidence does not establish a fund-specific catalyst. - The fund holds grid and electrical-equipment businesses including Johnson Controls, Quanta Services, Eaton, ABB and Schneider Electric. - A broader backdrop was the October 2 U.S. rally after September payrolls rose by just 29,000, below expectations; the weak report eased rate-hike concerns and lifted growth stocks.