Underlying Assets Performance: ARLU.US's price directly reflects the performance of the underlying Latin American stocks it holds.

Currency Fluctuations: Changes in the value of Latin American currencies relative to the US dollar impact ARLU.US's price.

Investor Sentiment: General market optimism or pessimism towards Latin American economies affects demand and price.

Interest Rates: Interest rate changes in Latin American countries can influence stock valuations and ARLU.US's price.

Economic Growth: The economic health of Latin American countries significantly drives corporate earnings and ARLU.US's value.

Political Stability: Political events and policy changes in Latin America can introduce uncertainty and impact ARLU.US.

Commodity Prices: As many Latin American economies rely on commodity exports, price changes affect companies and ARLU.US.

Expense Ratio: The fund's expense ratio detracts from overall returns, affecting the ETF's long-term price performance.

Supply and Demand: Market demand for ARLU.US shares relative to supply also plays a role in its market price determination.