Emerging Market Performance: IGRW tracks companies in emerging markets. Their economic growth, political stability, and currency values directly impact IGRW's overall performance.

Interest Rate Changes: Interest rate hikes in emerging markets can attract foreign investment, potentially boosting stock prices within IGRW. Conversely, rate cuts may signal economic weakness.

Global Economic Conditions: Global recessions or expansions significantly affect emerging market economies and consequently, the value of companies held by IGRW.

Currency Fluctuations: Fluctuations in emerging market currencies against the US dollar impact the fund's returns when translated back to US dollars.

Commodity Prices: Many emerging markets rely on commodity exports. Rising or falling commodity prices can dramatically impact their economies and IGRW's constituent companies.

Geopolitical Events: Political instability, trade wars, or regulatory changes in emerging markets can create uncertainty and negatively affect investor sentiment towards IGRW.

Company-Specific News: News impacting individual companies within IGRW’s portfolio (earnings reports, scandals, mergers) can influence its overall price.

Investor Sentiment: General investor sentiment towards emerging markets influences demand for IGRW shares. Fear can cause sell-offs, while optimism can drive prices higher.

Fund Flows: Large inflows of capital into IGRW can drive up its price, while significant outflows can exert downward pressure.

Index Reconstitution: Changes to the underlying index (MSCI Emerging Markets Investable Market Growth Index) that IGRW tracks can lead to adjustments in the fund's holdings and affect its price.