Underlying Index Performance: The IQQI.XETRA ETF price is primarily influenced by the performance of its underlying index, MSCI China A Onshore Index. Gains in the index usually translate to higher ETF price.

Supply and Demand: ETF price fluctuations are also determined by the forces of supply and demand in the market. High demand increases price; high supply decreases price.

Expense Ratio and Tracking Error: The ETF’s expense ratio and tracking error can impact its price relative to its benchmark index. Higher expense ratios or larger tracking errors may lead to underperformance.

Currency Fluctuations: As the underlying assets are Chinese A-shares, currency exchange rates between EUR (trading currency) and CNY (asset currency) will affect the ETF’s EUR price.

Market Sentiment towards China: Overall investor sentiment and outlook regarding the Chinese economy and stock market significantly affect demand and price.

Geopolitical Factors: Geopolitical events, regulatory changes, and economic policies related to China can influence market sentiment and therefore the ETF’s price.