NLR is trading at $114.91 (+3.03%) as geopolitical de-escalation between the U.S. and Iran improves risk appetite and lowers energy-driven inflation fears.
- The move aligns with a strong risk-on rally in U.S. equities, with cyclical and yield-sensitive sectors participating.
- Gains are consistent with the broader nuclear-energy basket reacting to improved macro sentiment rather than fund-specific news.