Underlying Asset Performance: The performance of the companies included in the Solactive Sustainable World Equity NTR index, which HSWD.PA tracks, directly impacts its price. Positive company performance leads to higher ETF prices.

Supply and Demand: General market sentiment and investor demand for HSWD.PA shares influences its price. Higher demand typically pushes prices up, while increased supply can lower them.

Index Rebalancing: Changes in the composition of the Solactive Sustainable World Equity NTR index, such as additions or deletions of companies, can affect the ETF's price as fund managers adjust holdings.

Expense Ratio: The ETF's expense ratio, the annual fee charged to manage the fund, indirectly affects returns and therefore the price over the long term; higher expense ratios can detract from performance.

Currency Fluctuations: Since HSWD.PA may hold assets denominated in different currencies, fluctuations in the Euro (its trading currency) against these currencies can impact its price.

Macroeconomic Factors: Broad economic indicators, such as interest rates, inflation, and GDP growth, can influence investor sentiment and therefore affect the demand for HSWD.PA shares.

ESG Factors: Investor interest in Environmental, Social, and Governance (ESG) investing can impact demand for sustainable ETFs like HSWD.PA. Increased interest can drive up the price.

Market Conditions: Overall market volatility and risk appetite can affect the price of HSWD.PA. During periods of uncertainty, investors may move away from equities, potentially lowering its price.