[Underlying Index Performance]: BEWC39.SA tracks an index. Its price moves closely with the underlying assets' aggregate performance. Positive performance pushes the ETF's price up, negative pushes it down.

[Supply and Demand]: High demand for the ETF typically increases its price, while high supply or selling pressure can decrease it. Market sentiment and investor interest play a key role.

[Currency Exchange Rates]: As the ETF may hold international assets, fluctuations in currency exchange rates can impact the ETF's price when converting those asset values to the local currency.

[Management Fees and Expenses]: The ETF's operating expenses and management fees reduce its net asset value (NAV), impacting its market price over time. Higher fees can lead to lower returns.

[Economic Conditions]: Broad economic factors like inflation, interest rates, and GDP growth can influence investor sentiment and the overall market, impacting the demand for and price of the ETF.