Underlying Index Performance: EMEH.PA's price largely reflects the performance of its underlying index, which tracks emerging market equities.

Currency Fluctuations: Currency exchange rates between the Euro (where EMEH.PA is traded) and currencies of the underlying emerging markets influence its price.

Market Sentiment: General investor optimism or pessimism regarding emerging markets impacts demand and thus the price of EMEH.PA.

Supply and Demand: Like any ETF, supply and demand dynamics in the market affect its price. Higher demand drives prices up, and vice versa.

Expense Ratio: While not directly affecting daily price fluctuations, the ETF's expense ratio impacts long-term returns and attractiveness to investors.

Political and Economic Stability: Political and economic events in emerging markets significantly affect the performance of companies held within the EMEH.PA, impacting its price.

Interest Rates: Global interest rate changes, especially in developed economies, can affect capital flows to emerging markets and consequently EMEH.PA's price.