Global Equity Markets: FCEM.TO's price fluctuates with the overall performance of global equity markets, especially emerging markets.

Emerging Market Performance: As FCEM.TO focuses on emerging markets, economic growth and stability in these regions directly impact its value.

Currency Fluctuations: Currency exchange rates between the Canadian dollar and the currencies of the underlying emerging market assets affect returns.

Interest Rate Changes: Interest rate policies in both Canada and emerging markets influence investment flows and potentially FCEM.TO's price.

Political & Economic Stability: Political events, regulatory changes, and economic stability within emerging market countries can greatly affect the fund.

Commodity Prices: As many emerging economies rely on commodity exports, fluctuations in commodity prices can influence FCEM.TO's value.

Investor Sentiment: General investor risk appetite and sentiment towards emerging markets can drive demand for FCEM.TO, influencing its price.