Underlying Index Performance: EXXW.F's price closely tracks the MSCI World Information Technology Index. A rise in this index, driven by strong performance of global tech stocks, will likely increase EXXW.F's price, and vice versa.

Currency Exchange Rates: Since EXXW.F likely holds assets denominated in currencies other than its trading currency, exchange rate fluctuations between those currencies and the ETF's trading currency affect its price. A strengthening of the currencies of the underlying assets relative to the ETF's trading currency will typically increase the ETF's price.

Supply and Demand: Increased investor demand for EXXW.F units can push its market price above its net asset value (NAV). Conversely, high selling pressure can depress the price below NAV. ETF issuers can create or redeem shares to maintain price alignment with NAV, but temporary deviations can occur.

Expense Ratio and Trading Costs: Although largely factored into the NAV, EXXW.F's expense ratio subtly impacts its overall return. Higher expenses reduce returns, which could translate to a slightly lower price compared to a similar but cheaper ETF. Trading costs associated with buying or selling EXXW.F also influence the total cost of ownership.

Market Sentiment: General market sentiment, especially towards the technology sector, greatly influences EXXW.F. Positive sentiment towards tech companies drives investment into EXXW.F, increasing its price. Negative sentiment can lead to sell-offs and a price decrease.