iShares Core MSCI World UCITS ETF USD (Acc) (0HDQ.LSE) price is influenced by: Global Equity Market Performance: 0HDQ tracks the MSCI World Index, mirroring its performance. If global stock markets rise, 0HDQ typically increases. Conversely, a market downturn will likely cause 0HDQ to decline. Economic Conditions: Economic growth, inflation rates, and interest rate policies globally impact the profitability of companies within the MSCI World Index, thus affecting 0HDQ's price. Strong growth and low inflation are generally positive. Currency Fluctuations: As 0HDQ is USD-denominated and traded on the London Stock Exchange, exchange rate changes between GBP and USD affect its price for UK investors. A stronger USD relative to GBP increases the ETF's price in GBP terms. Investor Sentiment: Overall market optimism or pessimism regarding global economic prospects or specific sectors within the MSCI World Index can drive demand for 0HDQ, influencing its price independent of underlying asset values. Supply and Demand: Like any traded asset, 0HDQ's price reflects the balance between buying and selling pressure. High demand increases the price, while high selling pressure lowers it. Interest Rates: Rising global interest rates can make bonds more attractive relative to equities, potentially leading investors to sell equity ETFs like 0HDQ and shift funds to fixed income. Geopolitical Events: Major global events such as wars, political instability, or trade disputes can create uncertainty and volatility, impacting investor confidence and driving price fluctuations in 0HDQ. ETF Management Fees: Although minor, the expense ratio charged by iShares can indirectly influence the ETF's attractiveness and thus its price relative to similar funds. Lower fees are generally preferred. Index Rebalancing: Periodic rebalancing of the MSCI World Index, where constituents are added or removed, can cause temporary price movements in 0HDQ as the ETF adjusts its holdings to reflect the new index composition.