NLR is trading 3.2% up today as risk sentiment improves and energy-linked assets rebound following easing tensions between the U.S. and Iran, which have helped reduce near-term inflation fears.
- The ETF is benefiting from a macro-driven rotation back into cyclical and defensively-yielding sectors, including its core holdings in utilities and industrials.
- Easing geopolitical friction has led to a pullback in oil prices, supporting broader market sentiment.
- The move comes amid a general rally in U.S. equity indices as investors pivot toward assets with meaningful energy and industrial exposure.