Underlying Holdings Performance: The price of FCGS.NEO is directly influenced by the performance of the underlying global securities it holds. Higher returns from these stocks lead to a higher ETF price.

Supply and Demand: Increased demand for FCGS.NEO pushes the price up, while increased selling pressure or higher supply lowers the price. Market sentiment also plays a role.

Currency Fluctuations: As the ETF invests in global equities, currency exchange rates between the Canadian dollar and other currencies (such as the US dollar, Euro etc) affect the value of its holdings and thus the ETF's price.

Index Tracking: FCGS.NEO aims to track an index. Deviations between the ETF's performance and the index it tracks (tracking error) can influence its price, though it is designed to minimize this.

Management Fees and Expenses: The ETF's expense ratio, or management fees, can influence its overall return and affect its relative price compared to similar investment options.

Overall Market Conditions: Broader market trends, economic news, and geopolitical events can influence investor sentiment towards global equities and, subsequently, the price of FCGS.NEO.