Performance of Underlying Assets: The primary driver is the performance of the companies within the MSCI World Quality ex Australia Index, which the IQQT.F ETF tracks.

Supply and Demand: Market forces of supply and demand for the ETF shares themselves influence the price, especially intraday.

Expense Ratio: The annual expense ratio (fees) charged by the fund impacts returns and, indirectly, price as it reduces overall performance.

Currency Fluctuations: As the ETF holds international assets, fluctuations in currency exchange rates (particularly AUD vs. other currencies) affect the ETF's AUD price.

Market Sentiment: Broad market sentiment, risk appetite, and overall economic outlook affect investor demand for equities, including quality-focused ETFs.

Index Rebalancing: Changes to the composition of the underlying MSCI World Quality ex Australia Index (companies added or removed) can lead to price adjustments.

Interest Rates: Changes in interest rates influence the attractiveness of equities relative to fixed-income investments, impacting demand for IQQT.F.

Geopolitical Events: Major global events and political instability can create market volatility and affect investor confidence, indirectly impacting the ETF price.

Inflation: High inflation can erode corporate earnings and investor confidence, impacting equity valuations and ETF price.