Underlying Index Performance: IQQG.XETRA tracks the MSCI World Quality Growth Index. Its price closely mirrors the index's performance. Rising constituent stock prices drive the ETF price up, and vice versa.

Supply and Demand: High demand for IQQG.XETRA shares can push its price above its net asset value (NAV), creating a premium. Increased supply or decreased demand can lead to a discount relative to NAV.

Expense Ratio: Although not directly affecting the daily price, the expense ratio impacts long-term returns. Higher expense ratios can slightly reduce investor interest and affect long-term performance compared to similar ETFs.

Currency Fluctuations: Since the ETF likely holds global equities, currency exchange rates between the Euro (the ETF's trading currency) and the currencies of the underlying assets can influence the ETF's price.

Market Sentiment: Overall market optimism or pessimism can affect investor appetite for growth stocks, influencing demand and price of IQQG.XETRA.