Emerging Market Performance: HXEM.TO tracks emerging market equities. Strong performance in these markets generally increases its price.

Currency Fluctuations: Changes in the value of emerging market currencies relative to the Canadian dollar impact the ETF's returns.

Interest Rate Changes: Interest rate hikes or cuts in emerging markets or Canada can influence investor sentiment and capital flows, affecting HXEM.TO.

Commodity Prices: As many emerging economies are commodity-dependent, fluctuations in commodity prices can significantly affect their stock markets and HXEM.TO.

Geopolitical Risks: Political instability, trade tensions, or conflicts in emerging markets can negatively affect investor confidence and the ETF's price.

Economic Growth: Faster economic growth in emerging markets typically boosts corporate earnings and stock valuations, pushing HXEM.TO higher.

Inflation Rates: High inflation in emerging markets can erode corporate profitability and investor returns, putting downward pressure on the ETF.

Investor Sentiment: Overall market sentiment towards emerging markets, whether positive or negative, influences demand for HXEM.TO.

Fund Flows: Large inflows or outflows of capital into or out of HXEM.TO can impact its price, especially if there's limited liquidity.

Management Fees & Expenses: The fees charged by the ETF provider directly reduce the fund's net asset value and, subsequently, its market price.