Mexican Economy: The overall health and performance of the Mexican economy, including GDP growth, inflation, and interest rates, heavily impacts ILF.MX.

Company Performance: The performance of the companies included in the ILF.MX ETF portfolio, such as their earnings, revenue growth, and future outlook, directly affects the ETF's price.

Currency Exchange Rates: Fluctuations in the exchange rate between the Mexican Peso (MXN) and other currencies, particularly the US dollar, can influence the ETF's value.

Global Market Conditions: Broad global market trends, investor sentiment, and international economic events can indirectly affect the price of ILF.MX.

Political and Regulatory Environment: Changes in Mexican political landscape, government policies, and regulatory environment can create uncertainty and affect investor confidence in Mexican assets.

Commodity Prices: As Mexico is a major exporter of certain commodities, fluctuations in their prices, especially oil, can affect the Mexican economy and consequently ILF.MX.