Underlying Asset Performance: The price of 1GIS.LSE is directly influenced by the performance of the securities it holds. A rise in the underlying assets' value typically results in an ETF price increase, while a decline leads to a price decrease. Supply and Demand: Market forces play a significant role. Higher demand for the ETF usually drives the price up, whereas increased supply often lowers it. This is related to investor sentiment and market trends. Net Asset Value (NAV): The NAV is the per-share value of the ETF's assets after deducting liabilities. The ETF's market price tends to stay close to its NAV, but deviations can occur due to market inefficiencies. Tracking Error: The degree to which the ETF's performance mirrors its benchmark index affects its price. A lower tracking error generally makes the ETF more attractive and can support its price. Market Sentiment: Overall investor confidence and risk appetite can impact the demand for ETFs, including 1GIS.LSE, influencing its price. Positive sentiment increases demand and price.