Underlying Holdings Performance: ESGF.TO's price closely tracks the performance of the underlying stocks it holds, specifically those meeting ESG criteria. Positive performance of these companies drives ESGF.TO's price higher.

Investor Demand: Increased demand for ESG investments can push ESGF.TO's price up as more investors buy shares. Conversely, decreased demand can lead to price declines.

Interest Rates: Rising interest rates can make bonds more attractive relative to stocks, potentially leading to reduced demand for ETFs like ESGF.TO and a corresponding price decrease.

Market Sentiment: Overall market optimism or pessimism can influence ESGF.TO's price. A bullish market often lifts most stocks, including those held by ESGF.TO.

ESG Ratings Changes: Upgrades or downgrades in the ESG ratings of the companies within ESGF.TO's portfolio can impact investor confidence and, consequently, the ETF's price.

Economic Conditions: Broad economic factors like GDP growth, inflation, and unemployment can affect the earnings and valuations of the companies held by ESGF.TO, influencing its price.

Currency Fluctuations: As ESGF.TO invests in Canadian stocks, changes in the value of the Canadian dollar relative to other currencies can impact the ETF's price, especially for international investors.

ETF Supply: Changes in the number of ESGF.TO units outstanding can influence its price, particularly if there are significant creations or redemptions of shares.

Sector Performance: The specific sectors that the companies held by ESGF.TO belong to will influence the ETF's price. If those sectors perform poorly, ESGF.TO's price will decrease as well.

Fund Management Fees: While management fees have a less direct effect on the daily price, higher fees can make the ETF less attractive over the long term, potentially impacting demand and price.