Market Sentiment: Overall investor confidence and mood regarding global markets and specifically European equities can influence demand and OEWA.F's price.

Interest Rates: Changes in interest rates, especially by the European Central Bank, impact bond yields and can make dividend stocks like those held by OEWA.F more or less attractive.

Economic Growth: The economic performance of the Eurozone and individual European countries affects the profitability of companies held within OEWA.F, ultimately influencing its stock price.

Currency Fluctuations: Exchange rate movements between the Euro and other currencies (like the US dollar) impact the value of OEWA.F for investors holding the fund in different currencies.

Company Performance: The financial results and performance of the individual companies held within the OEWA.F portfolio directly affect the ETF's overall value.

Sector Performance: The performance of specific sectors (e.g., technology, healthcare) within the European stock market impacts OEWA.F if it has significant holdings in those sectors.