Economic Growth: Stronger economic growth typically boosts company profits, increasing the attractiveness and price of IJR.MX holdings.

Interest Rates: Rising interest rates can negatively affect stock prices as borrowing costs increase for companies and valuations may decrease.

Inflation: High inflation can erode company earnings and consumer spending, impacting stock prices and the IJR.MX ETF.

Market Sentiment: Overall investor optimism or pessimism influences buying and selling pressure, affecting the price of IJR.MX.

Sector Performance: The performance of the sectors represented in the IJR.MX index (like financials or technology) directly impacts its overall price.

Company Performance: The individual performance of the companies held within the IJR.MX ETF influences the ETF's price.

Geopolitical Events: Global events like political instability or trade wars can create uncertainty and volatility, affecting the IJR.MX price.

Currency Fluctuations: Changes in the value of the Mexican Peso (MXN) relative to other currencies can affect the value of IJR.MX for international investors.

Index Rebalancing: Adjustments to the underlying index that IJR.MX tracks can lead to buying or selling pressure, impacting its price.

Supply and Demand: The basic forces of supply and demand for IJR.MX shares themselves influence its market price.