Underlying Holdings Performance: The primary driver is the performance of the companies within the ETF's portfolio. Strong company earnings increase the ETF's value.

Index Tracking: LCHI.F aims to mirror a specific index. How closely it achieves this impacts price, as deviations create tracking error.

Supply and Demand: Market demand for LCHI.F shares directly influences its price. Higher demand pushes the price up, and vice versa.

Economic Conditions: Broad economic factors such as interest rates, inflation, and GDP growth can impact the valuations of the companies LCHI.F holds.

Currency Fluctuations: As it's listed in CHF, changes in the exchange rate between the currencies of the underlying assets and CHF can affect the price.

Investor Sentiment: General market optimism or pessimism can influence investor behavior towards LCHI.F, driving buying or selling pressure.

Expense Ratio: While not directly impacting daily price swings, the ETF's expense ratio affects long-term returns, thus influencing investor attractiveness.