Economic Growth: Stronger global economic growth often boosts demand for emerging market assets, increasing FEMVX.US's price.

Interest Rates: Rising US interest rates can make US assets more attractive, reducing demand for FEMVX.US and potentially lowering its price.

Currency Fluctuations: Changes in emerging market currencies relative to the US dollar impact FEMVX.US's value, as the fund holds assets denominated in those currencies.

Political Stability: Political instability in emerging markets can increase risk aversion, leading to investors selling FEMVX.US and decreasing its price.

Commodity Prices: Many emerging markets are commodity exporters; rising commodity prices can improve their economic outlook and support FEMVX.US's price.

Investor Sentiment: Overall investor sentiment toward emerging markets plays a significant role; positive sentiment can drive inflows and increase FEMVX.US's price.