Fund Performance: The underlying performance of companies within the ESGU.F portfolio directly influences its price. Strong company earnings drive the ETF value higher, while poor performance decreases it.

Market Sentiment: Overall investor mood toward ESG (Environmental, Social, and Governance) investments and broader market trends significantly impact demand for ESGU.F, affecting its price.

Interest Rates: Higher interest rates can make fixed-income investments more attractive, potentially decreasing demand for equity ETFs like ESGU.F, causing its price to fall.

ESG News & Regulation: Positive or negative news regarding ESG practices of companies within the ETF, as well as changes in ESG-related regulations, can shift investor sentiment and alter the ETF's price.

Supply and Demand: Basic economic principles apply. Higher demand for ESGU.F, with limited supply, increases the price, and vice versa. Fund inflows and outflows affect this balance.

Currency Exchange Rates: Since ESGU.F may invest in companies outside of its listing currency, fluctuations in exchange rates can affect the value of the ETF's holdings, thereby influencing its price.

Expense Ratio and Tracking Error: The fund's management fees (expense ratio) and how closely it mirrors its benchmark index (tracking error) can subtly impact its attractiveness and relative price compared to other ETFs.

Constituent Company Weightings: Changes in the weighting of individual companies within the ESGU.F index can affect the fund's overall performance and thus its price, particularly if a large-cap company experiences a significant price move.