Emerging Market Performance: EMQQ.PA tracks emerging market internet and e-commerce companies; their performance directly impacts the ETF's price.

Chinese Tech Sector Regulations: Regulatory changes in China, where many EMQQ.PA holdings are based, significantly affect investor sentiment and stock values.

Economic Growth in Emerging Markets: Stronger economic growth generally boosts consumer spending and internet usage, benefiting companies in EMQQ.PA.

Currency Fluctuations: Currency exchange rates between the Euro (where EMQQ.PA is traded) and the currencies of underlying holdings influence returns.

Interest Rate Changes: Interest rate policies can impact economic activity and investment flows, affecting EMQQ.PA's price.

Global Market Sentiment: Overall risk appetite and investor sentiment towards emerging markets play a crucial role in EMQQ.PA's valuation.

Competition within the Sector: The competitive landscape among e-commerce and internet companies in emerging markets affects individual stock performance.

Technological Advancements: Rapid technological advancements and adoption rates influence the growth and profitability of companies in EMQQ.PA.

Geopolitical Risks: Geopolitical events and instability in emerging markets can lead to increased volatility and price fluctuations for EMQQ.PA.

Inflation Rates: High inflation can erode consumer purchasing power and affect the profitability of e-commerce companies, impacting EMQQ.PA.