Broad Market Performance: Overall trends in the Canadian stock market, reflected by indexes like the S&P/TSX Composite, will influence IUMF.TO's price, as it tracks Canadian equity performance.

Underlying Index Movements: IUMF.TO's price is directly tied to the performance of the FTSE Canada All Cap ex Tobacco Index. Changes in this index's value will translate to IUMF.TO price fluctuations.

Constituent Stock Performance: The performance of the individual companies included in the FTSE Canada All Cap ex Tobacco Index, and their relative weights, will impact IUMF.TO's overall value.

Supply and Demand: Basic market forces play a role. Higher demand for IUMF.TO will push the price up, while increased selling pressure will drive it down.

Investor Sentiment: General market optimism or pessimism can affect investment decisions and, consequently, the demand and price of IUMF.TO.

Dividend Yield: The attractiveness of IUMF.TO's dividend yield, relative to other investment options, can influence investor demand and its price.

Expense Ratio: While not a direct driver, a higher expense ratio can indirectly affect price by reducing the fund's overall returns, potentially decreasing investor interest.

Currency Fluctuations: Changes in the value of the Canadian dollar relative to other currencies can affect the value of the underlying assets, particularly if the index holds companies with significant international operations.

Interest Rate Changes: Broad changes to interest rates affect the attractiveness of equities relative to fixed income investments, therefore influencing IUMF.TO.

Sector Performance: The performance of specific sectors within the Canadian economy, such as financials or energy, which are represented in the underlying index, can affect IUMF.TO's price.