Global Economic Conditions: Broad economic trends, such as GDP growth, inflation rates, and interest rate changes, significantly impact investor sentiment and, thus, GXD.MU's price. Sector Performance: The overall health and performance of the sectors GXD.MU invests in (e.g., energy, materials) will affect its returns and attractiveness to investors. Fund Flows: Large inflows or outflows of capital from GXD.MU can drive its price up or down due to changes in supply and demand for its shares. Index Tracking Accuracy: How closely GXD.MU mirrors its benchmark index affects investor confidence and demand, influencing its market price. Management Fees and Expenses: Higher fees compared to similar ETFs can deter investors, potentially putting downward pressure on GXD.MU's price. Geopolitical Events: Political instability or major global events in regions where GXD.MU's underlying assets are located can create uncertainty and impact its stock price. Currency Fluctuations: Exchange rate movements between the fund's base currency and the currencies of its underlying investments can affect returns and price. Investor Sentiment: Overall market optimism or pessimism, often driven by news and events, can influence the demand for and price of GXD.MU.