Global Market Performance: Overall trends in global stock markets, particularly developed economies, significantly influence FEKWDX.US.

Currency Fluctuations: Changes in currency exchange rates, especially between the US dollar and currencies of developed market countries, impact returns.

Economic Growth: Economic growth rates in developed nations affect company earnings and investor sentiment, thus driving fund performance.

Interest Rates: Interest rate policies set by central banks in developed countries influence borrowing costs and investment attractiveness.

Inflation: Inflation levels in developed economies impact corporate profitability and consumer spending, affecting stock valuations.

Geopolitical Events: Political events, trade tensions, and global uncertainties impact investor confidence and market volatility.

Fund Flows: Investor demand for and outflows from the FEKWDX.US fund itself can affect its price due to supply and demand dynamics.

Company Performance: The financial performance and outlook of the underlying companies held within the fund's portfolio play a crucial role.