Fund Performance: HFN.TO's price reflects the performance of its underlying holdings. Strong performance attracts investors, increasing demand and price.

Market Sentiment: Overall market optimism or pessimism impacts HFN.TO. Positive sentiment boosts demand, while negative sentiment causes selling pressure.

Interest Rates: Rising interest rates can make fixed-income alternatives more attractive, potentially lowering demand for HFN.TO and its price.

Inflation: High inflation erodes the value of fixed income, potentially decreasing HFN.TO's appeal and price.

Credit Risk: Changes in the perceived creditworthiness of issuers within HFN.TO affect investor confidence and price.

Liquidity: Higher trading volume allows for easier buying and selling, positively impacting price stability.

ETF Supply/Demand: Increased demand relative to supply raises HFN.TO's price, while increased supply relative to demand lowers it.

Economic Conditions: Economic growth or recession influences investor risk appetite, impacting HFN.TO's price.

Currency Fluctuations: Changes in the Canadian dollar's value against other currencies impact HFN.TO's price, especially if it holds foreign assets.