Fund Performance: The historical and current performance of the fund directly impacts its attractiveness to investors. Strong returns typically drive higher demand and therefore a higher price.

Market Sentiment: Overall market optimism or pessimism influences investor appetite for risk assets, including ETFs like 0IJW.LSE. A bullish market tends to increase demand and price.

Underlying Index Performance: As an ETF, 0IJW.LSE aims to track a specific index. The performance of that index is a primary driver of the ETF's price movements.

Currency Fluctuations: Since the fund likely holds international assets, exchange rate movements between the base currency and the currencies of the underlying assets can affect its price.

Interest Rates: Changes in interest rates can impact the valuation of the underlying assets, particularly fixed-income securities, and influence investor preferences for different asset classes.

Supply and Demand: The fundamental economic principle of supply and demand applies. Increased demand for 0IJW.LSE relative to its supply pushes the price upward, and vice versa.

Expense Ratio and Fees: While not a direct price driver, a high expense ratio can make the fund less attractive compared to similar, lower-cost alternatives, potentially impacting demand.

Economic Data: Macroeconomic indicators such as inflation, GDP growth, and employment figures can influence both market sentiment and the performance of the underlying assets.

Geopolitical Events: Major global events, political instability, and international relations can create market uncertainty and impact investor decisions, affecting fund prices.

Fund Flows: Large inflows of money into the fund can drive up its price, while significant outflows can put downward pressure on it.