Supply and Demand: Higher demand increases price, higher supply decreases price.

Underlying Asset Performance: Tracks the MSCI World Information Technology Index, so the performance of the index's constituents strongly impacts the ETF's price.

Investor Sentiment: Positive outlook on the technology sector leads to increased buying pressure, driving up the price.

Currency Fluctuations: Since the ETF holds international stocks, changes in exchange rates between the euro and other currencies (like the US dollar) affect the ETF's value.

Interest Rates: Higher interest rates can make bonds more attractive, potentially reducing demand for equities and impacting the ETF's price.

Economic Conditions: Overall economic health influences investor risk appetite and the attractiveness of technology stocks.

Management Fees and Expenses: High fees can reduce returns and potentially make the ETF less attractive compared to similar, lower-cost options.

ETF Liquidity: Low trading volume can lead to wider bid-ask spreads, impacting the cost of buying or selling the ETF.