Market Sentiment: Overall investor confidence and risk appetite influence demand for emerging market ETFs like 0EWD.

Underlying Holdings Performance: The price is directly linked to the performance of the companies held within the ETF's portfolio.

Currency Fluctuations: Changes in exchange rates between GBP and the currencies of the ETF's underlying assets impact the price.

Interest Rates: Interest rate changes in developed and emerging markets can affect investor preference for riskier assets like 0EWD.

Economic Growth: Economic performance of the emerging markets the ETF tracks has a significant effect on investor perception.

Political Stability: Political events and regulatory changes in the constituent countries can create uncertainty and impact valuation.

Supply and Demand: The basic principles of supply and demand govern the price, with higher demand leading to price increases.

Fund Flows: Inflows and outflows of money into and out of the ETF can significantly affect the share price.

Expense Ratio: The ETF's expense ratio, although a small factor, can impact its relative attractiveness to other similar ETFs.