Global Economic Factors: Broad economic trends, like inflation and interest rate changes, impact emerging market debt.

Emerging Market Performance: The overall health and stability of emerging economies influence investor sentiment toward FLIA.

Interest Rate Differentials: Differences between US interest rates and those of emerging markets can affect the attractiveness of emerging market bonds.

Credit Risk Perception: Investors' assessment of the likelihood that emerging market issuers will default impacts bond prices.

Currency Fluctuations: Changes in the value of emerging market currencies relative to the US dollar affect returns for US investors.

Geopolitical Events: Political instability and geopolitical risks in emerging markets can negatively impact bond prices.

Supply and Demand: Basic supply and demand dynamics in the bond market play a role in FLIA's price fluctuations.

Fund Flows: Significant inflows or outflows from the FLIA ETF can impact its price.