Global Market Sentiment: Overall investor confidence and risk appetite influence demand for emerging market ETFs like IUQ.MU.

Emerging Market Performance: The economic health and growth prospects of the underlying emerging markets impact the ETF's value.

Currency Fluctuations: Changes in exchange rates between the Canadian dollar and the currencies of the underlying emerging markets affect returns.

Interest Rate Changes: Interest rate policies in both Canada and the emerging markets can influence investor sentiment and ETF prices.

Supply and Demand: The buying and selling pressure of IUQ.MU shares in the market affects its price.

ETF Management Fees: The expense ratio charged by the ETF provider can slightly impact the overall return and attractiveness of the fund.

Geopolitical Events: Political instability, trade wars, or other geopolitical events in emerging markets can create uncertainty and affect ETF prices.

Commodity Prices: Changes in commodity prices, particularly for countries heavily reliant on commodity exports, can impact the economies and IUQ.MU.

Inflation: Inflation rates in emerging markets and Canada can affect investor sentiment and the value of the ETF.

Regulatory Changes: Changes in regulations affecting financial markets or the underlying emerging markets can influence ETF prices.