Underlying Asset Performance: The ETF price closely tracks the performance of its underlying assets (stocks or bonds) in the MSCI World Information Technology Index.

Supply and Demand: Market demand for the ETF relative to the available supply influences its price. Higher demand usually increases the price, while increased supply decreases it.

Expense Ratio and Trading Costs: The ETF's expense ratio and trading costs impact its overall value and returns, indirectly affecting its price.

Currency Exchange Rates: Fluctuations in the exchange rate between the Euro (EUR) and other currencies, especially USD, can affect the ETF's price since the underlying assets are global.

Investor Sentiment: Overall investor optimism or pessimism regarding the technology sector and global markets plays a role.

Tracking Error: Deviations between the ETF's performance and the index it tracks (tracking error) can impact its price.

Market Conditions: Broad market conditions, such as economic growth or recessions, and geopolitical events can influence investor sentiment and ETF prices.